Some Aspects of Compiling Ratings and Assessing their Quality

DOI: 10.33917/es-5.191.2023.126-131

In the modern world, ratings have become an instrumental component that provides analysis, forecast and support for management decisions at both the macro, micro and meso-levels. The increasing intensity of flows and volumes of information, its multidimensional nature, the variety of formats for its presentation and communication for transmission in the context of increasing complexity of economic and social phenomena and processes, have created a powerful demand for ratings in business, in the financial and investment sphere and in strategic management, as well as at the state level. This is explained by the fact that ratings are independent, impartial, methodologically sound and allow, based on a wide range of metrics, to assess the competitiveness of countries, regions, industries and companies. Taking into account the ratings, subsequent investment decisions of the key economic players are formed.


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Rating does not Detract from the Company’s Business Reputation

DOI: 10.33917/es-5.191.2023.120-125

The article examines legal features and consequences of compiling a rating of companies. The situation may arise when a company, included in the rating, is dissatisfied with its position. The business entity believes that it was ranked lower than its competitor, which understates the professional results achieved by the company. In this case, the company may initiate legal proceedings declaring that information in the rating is untrue and discredits its business reputation. The author argues that ratings are an expression of subjective opinion of their compilers and must not impair business reputation.


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