Rating Initiative to Stop Subsidizing Microfinance Institution Social Ratings, W...

Jan 2012
Boston, US, January, 16 2012 - The Rating Initiative (RI), a Luxembourg-based program that supports the use of ratings that include financial and social criteria, is transitioning into a two-year exit phase that includes terminating its subsidies for social ratings of microfinance institutions (MFIs).

RI already had stopped co-funding financial ratings as of April 2011. In its exit phase, it will place more emphasis on mobilizing investor and donor interest in microfinance ratings. It will also reach out to the four specialized rating agencies, Planet Rating, MicroFinanza, M-CRIL and MicroRate, to encourage them to use the Responsible Finance Rating (RFR) product, which incorporates both financial and social risk criteria in an analysis of institutional risk.

In addition to offering workshops and promotional documentation, RI regularly releases studies that focus on microfinance ratings such as the “Rating Market Review”, which provide a general overview and analysis of the microfinance rating market.

Source : MicroCapital

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