| rating procedure (FS-BP) |
Internal company procedure, or external procedure, used to assess business partners in terms of their payment behavior, credit standing, and other criteria, for various business processes.
The result of the business partner assessment is a rating that is valid for a fixed time period.
You want to check the credit standing of your business partner "Bau GmbH". To do this, you establish a rating for the business partner using the "Moodys" rating procedure.