Model management
Inventory, versioning and approval for every model.
Phyn{Rate} · Credit rating and scoring
Every rating, with its evidence attached.
PhynRate runs the full rating lifecycle — from model development to portfolio monitoring — with AI agents that read the documents, answer the questionnaire and explain the ratios, citing the document, page and sentence behind every answer.
Spread and adjust
Every adjustment on top of the filing, never over it.
Upload the annual report and PhynRate extracts the tables and maps them to your template. Adjustments are separate, justified entries, so any number can show why it differs from the filing.
Corvane Industrial Group · FY2025 rating
Annual Report 2025.pdf
Balance sheet · 2025 period
Pull the statement tables from the document. AI suggests a mapping to your template's line items; you confirm each one.
Mapping confidence is shown on every extracted value.
Demo data · amounts in millions on the Adjust step
Scoring
From every ratio and answer, up to the grade.
The grade is fully traceable. Open any factor to see the ratio or the answer behind its score, then follow the score onto your rating scale.
Corvane Industrial Group / FY2025 rating · Score
Final score
56.61
- + further factors
What feeds this score · demo data
Financial › Leverage
score 62.50
- Ratio
- Net debt / EBITDA 2.9×
- Scoring band
- 2.5× to 3.5× → 62.50
- Calculated from
- Adjusted financials · FY2025
Rating scale · excerpt
A+77.2–81.8
A72.8–77.2
A−68.2–72.8
BBB+63.6–68.2
BBB59.0–63.6
BBB−54.6–59.0
BB+50.0–54.6
BB45.4–50.0
BB−41.0–45.4
B+36.4–41.0
Model grade56.61 → BBB−
Override rule · demoBBB− → BB+
Cash Flow & Debt Service scores 0.00, so policy moves the grade down one notch.
Final BB+Outlook · Negative Watch
- Ratios and questionnaire answers become scores, weighted up a hierarchy you define.
- Override rules handle the cases your policy defines, such as caps and notches.
- The final score maps to your rating scale, with an optional outlook.
- Scores always use the adjusted financials.
Demo data
Rating flow
One guided path, from data to approval.
Every rating follows the same path. Checks stop bad data before it reaches the score, AI drafts answers with their sources, and only people can approve.
Corvane Industrial Group · FY2025 rating
In progressStart · branch by segmentIndustrials
Analyst steps Governance steps
Step 1 of 7
Data Collection
Analyst · James Carter
Spread Checks catch errors before they reach the score. Errors must be fixed, warnings acknowledged, before the rating can move on.
Completion blocked: 1 error and 1 unacknowledged warning must clear first.
- Passed
Cash flow ties to cash
Built-in · 2023–2025
- Error
Balance sheet balances · 2025
Assets larger than liabilities and equity by 1.2
- Warning
Unusual year-on-year movement
Trade receivables 2025 · +38% on 2024
Balance sheet · 2025 · millions
| Total assets | 18,240.6 |
| Total liabilities | 11,328.2 |
| Total equity | 6,911.2 |
| Total liabilities & equity | 18,239.4 |
Jump to row takes the analyst straight to the problem cell.
Demo data
Config assistant
Upload the methodology. The agent drafts the model, you approve it.
The Config Assistant drafts templates, ratios, questionnaires and the scoring hierarchy from your methodology. You review the proposal as a plan. Publishing is a separate, permissioned step.
PhynRate · Configuration · Test environment
Ask the Config Assistant…
ONE LIFECYCLE
From model to monitoring, on one platform.
Statistical analysis
Development and validation, inside the platform.
Rating and scoring
Assessment, overrides, committee steps and four-eyes review.
Portfolio monitoring
Migration, concentration and early warning.
WHAT'S INSIDE
Everything a rating process needs.
Rating engine
Scorecards, notching and overrides, for obligor and facility ratings.
Document agent
Reads financial statements, filings and policies, and answers the questionnaire.
Evidence and citations
Every answer shows its confidence and the document, page and sentence behind it.
Financial spreading
Statements read into balance-sheet lines, each mapping with its confidence.
Ratio analysis
Ratios calculated and explained on request, for the company in front of you.
Workflow and committees
Stages, owners, committee steps and four-eyes review.
Audit trail
Every adjustment with its author, its reason and a way to revert it.
Model inventory
Versions, approval state and change history for every model.
Development and validation
Statistical workflows run inside the platform, not beside it.
Portfolio monitoring
Migration, concentration, triggers and early warning.
A NEW WAY OF WORKING
Upload the methodology. The agent drafts the model, you approve it.
Hand PhynRate your model's methodology document. The agent drafts the questionnaire, ratios, weights and rating scale — each item citing the sentence and page it came from. Your team reviews item by item, corrects what is wrong, and publishes as a separate, recorded step.
- Every drafted item cites its source
- Accept or reject, item by item
- The evidence your validators ask for is produced as you build
Methodology.pdf
Current ratiop.12
Debt / EBITDAp.14
Interest coverp.17
Weight: Liquidity 20%p.21
Rating scale: 1–10p.26
UNDER YOUR CONTROL
The agent doesn't assert. It cites.
Evidence on every answer.
Confidence, source sentence, document and page — a reviewer checks in seconds instead of taking it on trust.
A person approves.
Nothing reaches production because an agent proposed it. Someone accepts, and that acceptance is recorded.
Numbers come from the engine.
Ratios and scores are calculated deterministically. The AI explains them; it doesn't invent them.
See PhynRate on your own portfolio.
Design partners get PhynRate configured on their own rating models, working directly with the people who built it.
See it running45 minutes with the people who built it. No slides.