Frequently Asked Questions

  • Is Sigma Ratings a credit rating agency like S&P, Moody's & Fitch?

    While we are a professional rating agency, we are different in that we are rating entity-level “non-credit" risks such as financial crime compliance and governance, whereas credit rating agencies are targeting credit issues such as solvency and likelihood of default.

  • What kinds of risks does Sigma Ratings evaluate?

    Sigma Ratings evaluates entities on non-credit risks including financial crime compliance, governance, sanctions, corruption, and reputation.

  • Does Sigma Ratings only rate and score financial institutions?

    No, Sigma Ratings evaluates a range of entities. However, there still are verticals that Sigma Ratings has not expanded its methodologies into. If you are interested in a specific use case, contact us to discuss potential ways to work together. 

  • How long does the certification process take to complete?

    The certification process can be completed in a two-week period of time. However, timing is ultimately subject to client availability for interviews, document uploads and other necessary steps for completion, as well as, Sigma Ratings' queue of pending ratings.

  • How much does the certification process disrupt day-to-day operations?

    The certification process is designed to require minimal disruption to an entity’s operations. The online questionnaire can be completed in a couple of hours, while the document upload request includes documents most entities will have previously prepared and likely already have on file. 

  • What are the ratings methodologies based on?

    Sigma Ratings’ methodologies are based on industry best practice. They are vetted by an independent ratings committee as well as fine-tuned in collaboration with global financial institutions. Sigma Ratings regularly presents to U.S. regulators and regulators around the world for further feedback and ideas. 

  • How can I dispute a rating?

    If Sigma Ratings has made a factual error, an entity has the ability to provide the correct information and have its rating adjusted accordingly. Sigma Ratings requires source documentation to make any changes. 

  • Can I keep my rating private?

    A certified Sigma Rating™ can be kept private. It can be used strictly for internal auditing purposes. Clients always have the opportunity to improve their performance and rating before publication. 

    Sigma Estimated Ratings are generated from public data and are therefore always available to subscribers of Sigma's platform, Terminal. Rated entities can view and/or request a factual change to their Sigma Estimated Rating at no cost. 

  • Who recognizes a Sigma Rating?

    Global banks, regulators, asset managers, and other investors are all consuming Estimated and Certified Ratings™ via Sigma's platform, Terminal. In addition, Sigma Ratings has a direct partnership with Barclays Bank, who uses these ratings to monitor and make risk decisions on current and potential clients.

  • How is a Sigma Rating different than a credit rating?

    Credit ratings primarily reflect an entity's ability to pay back debt and their likelihood of default. A Sigma Rating evaluates an entity's risks beyond those purely financial. These include, but are not limited to, governance, financial crime compliance, reputation, sanctions, and regulatory risks.  

  • Sigma Ratings deals with confidential sensitive information. How is it kept secure?

    Sigma Ratings stores all its data in a private cloud with restricted access. The technology used is licensed from Amazon Web Services. Additionally, Sigma Ratings has partnerships with cybersecurity vendors to both augment ratings and to ensure Sigma Ratings’ security integrity.

  • A certified Sigma Rating™is valid for how long?

    A certified Sigma Rating™ is valid for a one-year period. Sigma Ratings encourages its clients to refresh their data and interview each year to keep their rating current and valid. 

  • Who pays for a Sigma Rating?

    Typically, the rated entity pays for its rating. To address potential conflicts, Sigma Ratings adheres to strict governance and ethics policies, as well as exclusively rates entities specifically on non-credit risks using an algorithmic approach. Sigma Ratings does not conduct advisory or consulting services.

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