About NotchWork

NotchWork is an independent fintech building modern tools for credit analysis. We produce shadow credit ratings by applying the publicly available methodologies of the three major credit rating agencies — S&P Global Ratings, Moody's Investors Service, and Fitch Ratings — to issuer financials and qualitative inputs. We are not a rating advisor and not a registered credit rating agency. Our outputs are indicative analytical assessments designed to help CFOs, treasurers, DCM bankers, and credit advisors form a fast, structured view of where an issuer sits on the credit spectrum.

Who we are

NotchWork was founded by professionals with deep experience in investment banking, corporate finance, and rating advisory mandates. We have spent careers on the sell-side, sitting across the table from S&P, Moody's, and Fitch analysts on first-time rating mandates, refinancings, M&A, and rating defence situations. We built NotchWork because the analytical framework rating agencies apply is largely public — but applying it consistently and quickly to an issuer is still slow, manual work. NotchWork automates the structured part so analysts and decision-makers can spend their time on judgment and on the conversations that matter.

What NotchWork does — and does not do

Methodologies referenced

NotchWork's analytical framework is informed by the publicly available rating methodology documents issued by S&P Global Ratings, Moody's Investors Service, and Fitch Ratings. These documents are referenced as analytical material only — NotchWork does not redistribute or reproduce them. The pages below provide a high-level summary of each agency's methodology approach, written in NotchWork's own words as an educational reference. For the authoritative methodology text, refer to each agency's own website.