FIG. 03·CREDIT ANALYST · WORD

The rating memo

The spread is done. The rating case still has to land on one page.

1. 01

   Open a document next to the spread.

2. 02

   Tell Excelsior the rating view, key risks, and to keep numbers tied to the spread.

3. 03

   Let it draft the memo in the document.

4. 04

   Read the first paragraph. If the rating is buried, say so.

A rating memo tied to the spread you built.