Rapid Ratings International, a NYC-based provider of a proprietary financial health rating, which assesses public and private company financial health, received a minority investment from private equity firm LLR Partners.
The amount of the deal was not disclosed.
The company intends to use the funds to continue to grow operations.
Led by James H. Gellert, CEO, Rapid Ratings uses a quantitative system to provide a predictive view of a company’s financial stability, operating efficiency and default probability, delivered on a consistent 0–100 scale. The FHR® (Financial Health Rating) factors more than 70 performance ratios from a company’s financial statements, calibrated to 24 different industry models to produce an analysis of its strengths and weaknesses.
Rapid Ratings delivers predictive, actionable insight on a company’s long-term stability, regardless of size, industry, or geographic location, giving clients ample time to mitigate risk and capitalize on opportunity in three core areas:
– Third-Party and Supplier Risk Management;
– Corporate Credit Risk Management; and
– Financial Services Investment Risk and Compliance.