Aside from doing a management interview, a credit rating analyst will also benefit from doing a plant or site visit, depending on the nature of the company being evaluated. Such will provide the analyst with an opportunity to better understand the operations of a company and the processes involved.
Plant visits are ideal for manufacturing companies, power plants, and other types of companies where understanding the whole process may prove critical. Site visits, on the other hand, can be done for property development companies, particular projects, or even banks — to determine the attractiveness of a particular site or its effectiveness in marketing a particular entity’s product or service. A site visit can also be a good way of assessing the progress of work for a project that has yet to be completed.
A credit rating analyst will typically prepare a separate questionnaire for a plant or site visit. This is a good way to get additional information and to counter check items which officers at the head office may mention. Plant visit questionnaires will cover items like: the production process, planned capital expenditures, power supply, raw material sourcing, problems encountered and how these were/are handled, safety measures, among others.
Site visits, on the other hand, will focus on things like the attractiveness of a particular site or project, accessibility, status of or percentage completion, among others.
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