Trade Credit · Counterparty Risk

Institutional credit ratings, delivered as decisions — not data.

Every buyer in your AR ledger gets an S&P-, Moody’s- and Fitch-methodology-blended credit rating plus a continuous surveillance watch — from $25 per Trade Credit Memo. No subscription. No Bloomberg terminal. No blind spots past your top twenty accounts.

Free forever tier · 10 ratings / day · No credit card · Ninety-second sign-up
HTZ
Hertz Global Holdings · Q4 2019
12-mo pre-default
Agency consensus
BB−
S&P · Moody’s · Fitch
Sentinel rating
CCC+
3–5 notches lower
Leverage6.7×
Altman Z0.9
Merton DD0.7σ
CFO / EBITDA0.38
Illustrative sample. Hertz filed Chapter 11 on May 22, 2020 with $18.8B in pre-petition debt. Agency ratings stayed investment-grade-adjacent until weeks before filing.
SR 11-7 aligned model governance
S&P · Moody’s · Fitch methodology blended 35/35/30
SOC 2 Type I underway · Type II on delivery
31-ticker S&P 500 backtest pilot · expansion Q3 2026
The trade-credit problem

You’re either overpaying for thin data or flying blind past your top 20.

Corporate sellers extend billions in payment terms every month with two kinds of infrastructure: expensive reports on one buyer, or a spreadsheet that hasn’t been updated since the last board meeting. Neither is how you’d underwrite the same exposure if it sat on a bank’s balance sheet.

01

Per-buyer credit costs too much

D&B or Creditsafe reports run $70–150 per buyer, one at a time. Enterprise seats on Cap IQ or Moody’s CreditLens start at $24k/year — so most of the credit team watches a portfolio from the outside.

$70–150 / report $24k–65k / seat
02

Your buyer portfolio is blind past the top 20

Manual quarterly reviews cover the names that matter most. Everyone else is reviewed once a year if at all — and a mid-sized buyer going sideways quietly is how surprise write-offs happen.

Sentinel rates every buyer on every refresh. Surveillance is continuous, not scheduled.

03

When a buyer defaults, your process has to hold up

The CFO, the board, and the auditor all ask the same question: “did you know?” Every Sentinel memo carries a full audit trail — model version, methodology provenance, overlay envelope, and the signals that moved the rating.

You get a defensible answer, not a screenshot.

How it works

From a buyer ticker (or uploaded financials) to a Trade Credit Memo in four steps.

1

Type the ticker or drop a PDF

Public buyer? Enter the ticker and we auto-harvest EDGAR filings. Private buyer? Drop their financial statements — PDF, XLSX, or CSV.

2

Sentinel runs the full engine

S&P + Moody’s + Fitch methodology blended with forensic models (Altman, Beneish, Merton, Ohlson, Piotroski, Zmijewski) and sector overlays.

3

Dual rating + full signal map

Blended Implied plus Sentinel Adjusted. Every notch traced to the signal that moved it — overlay envelope disclosed at ±4.5 notches.

4

Download the Trade Credit Memo

Forwardable DOCX with rating, capital structure, covenant analysis, OBS disclosure scan, watch-list triggers, and limitations block.

Beyond the ratings engine

Four capabilities your incumbent doesn’t have.

A rating is the start. Sentinel ships four institutional surfaces around it — each with full SR 11-7 provenance, browser-local privacy, and audit-grade traceability. Your incumbents (RapidRatings, D&B, Cap IQ) ship a number; Sentinel ships a system.

BYOLH-1 · Pro

Custom Sentinel for your portfolio

Upload your last 5 years of loan or counterparty performance. Sentinel re-fits per-rating-bucket PD multipliers and LGD against your realized loss curve in under 30 seconds. Your raw data never leaves the browser.

Wilson 95% CI gating · BCBS WP 14 bucket adequacy · multipliers clamped to [0.5×, 2.0×] · reversible per-session.

POOL-1 · Preview

Cross-tenant Pooled Ledger benchmark

Compare your fitted calibration to the cross-customer Pool baseline for your sector. RapidRatings has a 40-year proprietary database; your peers, collectively, have a better one. Contributors save 10–50% on Pro tier.

k-anonymity ≥ 50 · Laplace DP ε=1.0 · 30-day daily-salt rotation · Dwork-McSherry-Nissim-Smith (2006) · GDPR Art. 32.

SUPRISK-1 · Pro

Inbound supply-chain risk

A 95th-percentile RapidRatings score plus 70% TSMC dependency is one earthquake from a covenant breach. Sentinel surfaces geographic / single-name / single-source / OFAC-adjacent supplier concentration as a first-class credit signal.

DOJ Horizontal Merger §5.3 HHI thresholds · OFAC 31 CFR 501-598 strict-liability gating · Resilinc / MIT CTL heuristics · CCO review on critical.

REGB-1 · BENFORD-1

Reg B notices & forensic Benford

One-click ECOA-compliant Adverse Action Notice DOCX with a max-4 reason taxonomy (CFPB Circular 2022-03 anti-complexity safe). Forensic Benford’s Law digit-distribution test auto-escalates CCO review on first-digit anomaly.

15 USC 1691 / 12 CFR 1002.9(b)(2) · 36-code Reg B Appendix C-1 + 21 commercial codes · Wilson-Hilferty p-value · Nigrini (1996, 2012).

The moat thesis. RapidRatings has historical default data Sentinel doesn’t. But Sentinel ships four surfaces RapidRatings doesn’t: a model your customer can re-tune to their own loss curve; a cross-tenant pool that turns the latent network dataset into a queryable benchmark; supplier-fragility analytics; and a Reg B / Benford forensic surface. As the contributor base grows, the moat grows — without any single customer giving up competitive intelligence.
Proof

The buyer you almost extended terms to — and the sample memos to see it.

Sentinel’s methodology catches trajectory risk 12–18 months before agency ratings move. Hertz Global Holdings is a clean pre-pandemic case: agencies held BB−/Ba3/BB− right up to the filing.

HTZ
Hertz Global Holdings
Chapter 11 May 22, 2020 · emerged June 2021

A 3–5 notch gap that would have re-priced $18.8B of pre-petition debt.

Agencies held
BB− / Ba3 / BB−
Sentinel would have rated
CCC+
Pre-pandemic signals that flipped the rating: Leverage 6.5–7× Altman Z < 1.0 Beneish M elevated CFO / EBITDA < 0.4× Piotroski F < 4/9 Merton DD ~0.7σ — any one is a flag; six together is a filing in 18 months.
Pricing

Start free. Upgrade when a report needs to leave your desk.

Most trade-credit teams never need a subscription — they need a defensible memo on a specific buyer, once. That’s what PAYG is for.

Free
$0
forever
  • Rate any buyer
  • 10 ratings / day
  • View in-app signals
  • No credit card
Start free
★ Most popular
PAYG
$25
/ Trade Credit Memo
  • $15 / short-form memo
  • No subscription
  • Stripe one-click
  • Expense-friendly
Buy a memo
Pro
$99
/ month
  • 25 reports / month
  • Drift Monitor
  • Saved analyses
  • Priority support
Go Pro
Team
$499
/ month
  • 200 reports pooled
  • Up to 10 seats
  • Shared workspace
  • Admin controls
Start Team
Enterprise
Custom
annual
  • Unlimited reports
  • SSO + audit trail
  • SOC 2 on delivery
  • Dedicated support
Contact sales

Anchor. $25 per Trade Credit Memo. A D&B / Creditsafe buyer report: $70–150. A Cap IQ or CreditLens seat: $24,000+ / year.

Honest posture

What we are, and what we’re not yet.

Every limitation below is also published inside the app on the Known Limitations page, per SR 11-7 Section V guidance on model-risk transparency. Transparency is cheaper than a defamation suit.

Not an NRSRO

Sentinel Credit, Inc. is not a Nationally Recognized Statistical Rating Organization. Model outputs are analytical opinions, not official credit ratings, and must not be represented as such.

Backtest scope

31-ticker S&P 500 pilot to date. Expansion to a 125-ticker stratified panel in Q3 2026 and a Russell 3000 run in Q4 2026. Full confusion matrix is in the in-app validation pack.

SR 11-7 alignment

Self-attested as of this page. Independent third-party model-validation review is in progress with a targeted completion before any enterprise-tier customer goes live.

SOC 2

SOC 2 Type I audit underway; Type II follows the observation window. Enterprise contracts include completed attestation on delivery as a condition of go-live.

Known IG bias

+1.23-notch bias on large-cap investment-grade names relative to agency ratings, observed on the 31-ticker pilot. Disclosed per-rating in the Known Limitations panel — most material for rating mega-caps, immaterial for distressed buyers where Sentinel’s edge is strongest.

Sector coverage

Corporates covered — including distressed and cyclical. Banks and financial institutions use a separate FI framework. Insurance, sovereigns, and municipal credit are not yet covered.

Try Sentinel with your next buyer decision

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Sentinel Credit, Inc. is not a Nationally Recognized Statistical Rating Organization. Model outputs are analytical opinions, not official credit ratings.