Policy for Fees of Rating Services

Beacon Ratings fee structure is determined by the following factors:

• Quantum of work
• Hours of work
• Complexity level
• Size of business
• Nature of business

Beacon Ratings fees are subject to:

• Latest and previous rating
• Quantum of work
• 75% of full payment in advance at the time of signing a rating contract. The remaining 25% shall be paid before the rating report is released.
• Agreed upon out of station travel expense chargeable separately when incurred.
• Reviews affecting existing clients on the anniversary of signed contract or at the date of renewal/surveillance.
• Annual surveillance fee is due on the anniversary of signed contract and shall be payable within fifteen (15) days after billing of invoice. Fees due and unpaid beyond 1 month shall attract an interest charge of 2% per month for period beginning from the date of invoice.
• All applicable taxes on the rating service by government.

Beacon Ratings discussion and negotiation of rating fees with prospective and existing clients is undertaken by non-rating staff. Rating Analysts interaction with clients is limited to the estimation of quantum and hours work required to complete an assignment, and complexity level of work.