Brusov P.N.Financial University under Government of Russian Federation, Moscow, Russian Federation pnb1983@yahoo.com ORCID id: not available
Filatova T.V.Financial University under Government of Russian Federation, Moscow, Russian Federation mfilatova@fa.ru ORCID id: not available
Orekhova N.P.Southern Federal University (SFEDU), Rostov–on–Don, Russian Federation fet_mir@bk.ru ORCID id: not available
Kulik V.L.Financial University under Government of Russian Federation, Moscow, Russian Federation venya.kulik@mail.ru ORCID id: not available
Subject This article discusses the rating of investment projects of arbitrary duration with even repayment of debt. Objectives The article aims to modify the methodology of the rating systems of investment projects and develop a fundamentally new approach to the methodology of project rating. Methods For the study, we used the modern theory of capital cost and capital structure by Brusov-Filatova-Orekhova (BFO theory), its modification for rating needs, original BFO investment models, and rating coefficients. Results The article presents a modification of the methodology of current project rating systems and a developed approach to the methodology of project rating. Conclusions and Relevance The presented modification of the methodology of current project rating systems will help improve the correctness of rating of investment projects and make it more objective. The developed approach can be used by rating agencies, both international and Russian when rating investment projects.
Brusov P.N., Filatova T.V., Orehova N.P., Eskindarov M.A. Modern Corporate Finance, Investment, Taxation, and Ratings. Springer International Publishing, 2018, 571 p.
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