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.
We typically update public company ratings within 1 or 2 days of the release of new financial statements based on size and country.