How to Prepare for and Participate in Rating Discussions
Rating discussions are a key part of the credit risk management process. They're an opportunity for you to share your assessment of the borrower's creditworthiness and to get feedback from your colleagues.
How to Prepare
- Do your homework: Before the meeting, make sure you have a thorough understanding of the borrower's business and financial situation.
- Prepare a clear and concise presentation: Your presentation should summarize your key findings and recommendations.
- Anticipate questions: Think about the questions that your colleagues are likely to ask, and be prepared to answer them.
How to Participate
- Be confident: You're the expert on this credit. Be confident in your assessment and be prepared to defend it.
- Be open to feedback: Be open to feedback from your colleagues. They may have a different perspective that you haven't considered.
- Be a team player: The goal of the rating discussion is to come to a consensus on the borrower's creditworthiness. Be a team player and be willing to compromise.