We are 100% independent, which is an essential requirement for the recognition of relevant institutions:

• FINMA-recognition including compliance with IOSCO-standards for credit rating agencies
• Rating provider for the Composite Rating of the Swiss Bond Indices SBI® of the SIX Swiss Exchange
• Eligibility for repo transactions according to instruction sheet 5 of the Swiss National Bank SNB

We are broadly anchored in the Swiss credit and capital market. Our clients include around 100 institutional investors and capital seekers, including:

• Leading, medium-sized, and small pension funds
• Insurance groups and health insurance companies
• Large, cantonal, regional, and private banks
• Swiss Stock Exchange SIX
• Bond-listed corporations

Our rating universe, including continuous monitoring, comprises:

• all Swiss municipalities
• all Swiss cantons
• about 350 companies

This includes both the issuers and their bonds.

The entire universe and various publicly available ratings can be found in e-Ratinge-Rating.

We are happy to cover additional issuers or issues on request and where possible. Please do not hesitate to contact us!

As of the 2020 reporting season, fedafin discloses the influence of credit-relevant ESG factors on the credit rating of listed companies.

Investors also have the opportunity to subscribe to an ESG rating per issuer as a complement to the credit rating.

Our broad coverage of bond ratings also includes green, social and sustainability bonds. You can find out which ones here.

With its decision of March 4, 2022, FINMA also declares fedafin's corporate ratings to be usable for all regulatory purposes (excluding real estate, investment, insurance and banking companies, and similar financial services providers). In addition to the ratings of municipalities and cantons, we now also have the same recognition for corporate ratings as the international rating agencies.

So far, our corporate ratings were recognized for tied assets of insurance companies. Now, these ratings can also be used for the Swiss Solvency Test (SST). In addition, Swiss banks can use them to calculate own funds requirements and risk diversification. "With fedafin's equal regulatory treatment, the Swiss financial industry will be considerably strengthened. There is significant added value for both Swiss investors and issuers," says Dr. Tobias Guldimann, Chairman of fedafin's BoD.

The FINMA recognition is a result of our efforts to continuously professionalize our rating models and processes. As an independent Swiss credit rating agency, we comply with extensive national and international requirements. These include, in particular, organizational requirements relating to credibility and independence.

Please do not hesitate to contact us should you have any questions.

Widnau, March 9, 2022

Contact:

Dr. Adrian Oberlin, Managing Director fedafin AG
Tel. +41 71 552 32 01
adrian.oberlin@remove-this.fedafin.ch