Product range of the Slovak Rating Agency, Inc.

The basis pilots of the Slovak Rating Agency's product range are:

• Rating of financial institutions

Rating of banking subjects

Rating of insurance subjects

Rating of other financial institutions

• Raring of non-financial institutions

Rating of industry subjects

Rating of services

• Rating of town/villages
• Rating of projects
• Rating of issues
• Other products and services

Analyses of manufacturing/service sectors and segments

Independent analyses on the investor's demand

Segmentation of rating may be set by several criteria:

1. Time criterion:
   • short-term rating - set for a certain period of time up to one year
   • long-term rating - set for a time period longer than one year, while its updating is carried out once a year as a minimum.
      
2. Criterion of disclosure:
   • public rating - client decides on disclosing the rating granted to him/her/it
   • non-public rating - client does not provide approval of disclosing the rating
      
3. According to co-operation of the client in granting the rating:
   • rating of a company/issue/project - is set in co-operation with the assessed company depending on needs
   • verejný rating without co-operation with the company assessed - drawn up based on publicly available information on the assessed company without its active participation
      
4. According to the subject of rating assessment:
   • rating of a company
   • rating of an issue
   • rating of a project
      

One of substantial kinds of offered ratings is rating of a company, which may be any business entity, issuer, and municipality.

Rating of a company assessed by the Slovak Rating Agency, Inc., is an expression of independent opinion on financial stability and strength of debtor, its credibility and confidentiality from the perspective of its ability to repay its future liabilities. This opinion primarily expresses an opinion on ability, preparedness and willingness of a debtor to settle its liabilities on the maturity day.

Thus, this rating is not an expression of an opinion as to ability and will of debtor to meet a certain specific commitment, the way and sequence of its settlement in case of bankruptcy procedure or winding up the company, neither it expresses an information on legitimacy and possibility to enforce a given commitment to be met. Evaluation of ability of the debtor to meet a particular commitment is rating of an issue or that of a project.

Rating of an issue/project - is expression of an opinion on financial stability and strength of the debtor, its credibility and trust in abilities to repay someone's liabilities in association with a particular debt or another kind of commitment. So, this opinion expresses not only an opinion on ability, preparedness and willingness of a debtor to settle its commitments on their due day, but it also takes into consideration other facts and steps leading and directed to strengthening of credibility of the debtor in relation to discharging a particular liability of the debtor.

Rating may be neither understood as a specific recommendation to purchase (to acquire), to sell or to keep particular debentures (or property interest) towards the debtor within the portfolio of the creditor. Merit of rating is in its independent view of financial health of the company and in an independent and highly expert opinion expressed on financial stability of the debtor as well as on risk exposure resulting from investing funds into an entity of the debtor.