Source Financials: An Overview
Source financials refer to the underlying financial data and documentation provided by counterparties to generate their rating. This information is sometimes required by clients to meet regulatory or compliance obligations.
The Download Underlying Financial Data feature enables clients to access this data. Note that 'Source Financials' is often used interchangeably with 'Underlying Financial Data.'
Once RapidRatings issues a supplier’s Financial Health Rating (FHR), clients can download the underlying financial data directly from the supplier’s company profile page.
Important Note: This is a specialized feature (not enabled by default). Please speak with your Client Success Manager or Client Support for more information.
How to Download Underlying Financial Data
Use the FHR Search tool to find a rated company.
Select the company to open their FHR overview page.
On the FHR overview page, scroll down to Submission Files in Financial Data.
Click on the Download Files icon.
A copy of the supplier’s underlying financial data will download to your device.
Important Note: While RapidRatings analyzes all submitted information, some files deemed irrelevant for generating the FHR may be excluded from this download.
Why Source Financial Data May Not be Available
Scenario 1: Supplier has Selected Limited Transparency
Some suppliers choose Limited Disclosure, meaning clients cannot access their underlying financial data associated with the FHR report. A notification will appear in this case.
Scenario 2: Supplier has requested deletion of their financial files.
If a supplier asks RapidRatings to delete its financial files after being rated, those files will not be available for download. A notification will be displayed.
Scenario 3: The Report was Updated Manually
When a report is updated outside the FHR Exchange (e.g., adding periods or updating erroneous figures), those documents will not appear in the Financial Data tab.