Thomson Reuters is our data provider for public company financial data.
- The data released for public companies regularly has an accuracy rate greater than 99.5%. Most errors are data discrepancies with limited impact to the final risk category.
- Very often, this data is based on audited statements released by the public company themselves that have passed Thomson Reuters' initial screening.
- We then have an additional Quality Assurance process (both automatic and manual) that the data must go through before an FHR is produced.
- While we do not claim to be forensic accountants, our controls in place flag any noticeable shifts, and will be reviewed by an analyst before any rating is produced.
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We typically update public company ratings within 1 or 2 days of the release of new financial statements based on size and country. |