RIXML Documentation

RatingActionEnum

RIXML 2.5 Enumeration

Level One17 values

Enumeration defining actions regarding investment ratings including Upgrade, Downgrade, Reiterate, Initiate, Drop, and other rating change indicators. Used to track analyst recommendation modifications.

Usage

Used as value for Rating ratingAction attribute to indicate changes in publisher's investment rating for specific securities. Signals significant analyst actions affecting investment recommendations.

Business Context

Essential for tracking investment recommendation changes that directly impact portfolio decisions, enabling investors and systems to identify and respond to evolving analyst sentiment and conviction levels.

Source:level-one-2.5
Schema:RIXML-datatypes-2_5.xsd:477

Where It Fits

Definition

Base Typestring

Enumeration Values

Upgrade
Upgrade

The publisher is raising its rating to a more positive assessment

Use when improving a rating to reflect better prospects or reduced risk [RIXML Research Data Dictionary v2.5.1 p.97]

ActiveSince 2.1
Reiterate
Reiterate

The publisher has reviewed and confirmed its existing rating without change

Use when maintaining the current rating after conducting a review or reassessment [RIXML Research Data Dictionary v2.5.1 p.97]

ActiveSince 2.1
Downgrade
Downgrade

The publisher is lowering its rating to reflect a more negative assessment

Use when reducing a rating due to deteriorating conditions or increased risk [RIXML Research Data Dictionary v2.5.1 p.97]

ActiveSince 2.1
Initiate
Initiate

The publisher is establishing its first rating for this particular subject

Use when assigning a rating for the first time to a previously unrated entity or security [RIXML Research Data Dictionary v2.5.1 p.97]

ActiveSince 2.1
Drop
Drop

The publisher is discontinuing coverage and will no longer provide ratings for this subject

Use when ceasing to provide ongoing rating coverage for a previously rated entity [RIXML Research Data Dictionary v2.5.1 p.97]

ActiveSince 2.1
Revise
Revise

The publisher is modifying aspects of the rating that don't constitute clear upgrade or downgrade actions

Use when changing rating components like risk or volatility assessments that don't fit upgrade/downgrade classifications [RIXML Research Data Dictionary v2.5.1 p.97]

ActiveSince 2.1
NewRating
New Rating

A fresh rating has been assigned to the subject

Use when establishing a rating that represents a new assessment approach or methodology [RIXML Research Data Dictionary v2.5.1 p.97]

ActiveSince 2.1
Affirmed
Affirmed

The rating has undergone review and been confirmed as appropriate

Use when formally confirming a rating after conducting a thorough review process [RIXML Research Data Dictionary v2.5.1 p.97]

ActiveSince 2.1
PositiveOutlook
Positive Outlook

The rating may be improved in the future based on current trends and expectations

Use when indicating potential for rating improvement without making an immediate change [RIXML Research Data Dictionary v2.5.1 p.97]

ActiveSince 2.1
NegativeOutlook
Negative Outlook

The rating may be lowered in the future based on current trends and expectations

Use when indicating potential for rating deterioration without making an immediate change [RIXML Research Data Dictionary v2.5.1 p.97]

ActiveSince 2.1
ReviewForUpgrade
Review For Upgrade

The rating is under active consideration for improvement to a higher level

Use when formally reviewing a rating with the specific intention of potentially upgrading it [RIXML Research Data Dictionary v2.5.1 p.97]

ActiveSince 2.1
ReviewForDowngrade
Review For Downgrade

The rating is under active consideration for reduction to a lower level

Use when formally reviewing a rating with the specific intention of potentially downgrading it [RIXML Research Data Dictionary v2.5.1 p.97]

ActiveSince 2.1
ReviewDirectionUncertain
Review Direction Uncertain

The rating is under review but the potential direction of change is undetermined

Use when conducting a rating review without clear expectation of whether it will be upgraded or downgraded [RIXML Research Data Dictionary v2.5.1 p.97]

ActiveSince 2.1
RatingWithdrawn
Rating Withdrawn

The rating has been removed from active status and is no longer valid

Use when formally removing a rating from circulation due to various circumstances [RIXML Research Data Dictionary v2.5.1 p.98]

ActiveSince 2.1
RatingRestored
Rating Restored

A previously withdrawn or suspended rating has been reactivated and returned to active status

Use when bringing back a rating that was previously withdrawn or suspended [RIXML Research Data Dictionary v2.5.1 p.98]

ActiveSince 2.3
Refresh
Refresh

Supporting data has been updated while the actual rating remains unchanged and unreviewed

Use when updating financial data, prices, or charts without conducting a rating review or changing the rating itself [RIXML Research Data Dictionary v2.5.1 p.98]

ActiveSince 2.4
Restricted
Restricted

The rated entity is subject to distribution restrictions that limit the availability of the rating

Use when regulatory or compliance requirements restrict the distribution or publication of ratings [RIXML Research Data Dictionary v2.5.1 p.98]

ActiveSince 2.4

Examples

<!-- Example usage of RatingActionEnum enumeration -->
<element type="RatingActionEnum">Upgrade</element>

Version History

2.1
+Introduced
2.3
+Added values: RatingRestored
2.4
+Added values: Refresh, Restricted

Semantic Relationships

Contrasts With2 relationships

Upgrade and downgrade represent opposing directional changes in a publisher's rating opinion

RIXML Research Data Dictionary v2.5.1, p.97Upgrade

Refresh indicates supporting financial data has been revised without rating review, while affirmed indicates the rating itself has been reviewed and maintained

RIXML Research Data Dictionary v2.5.1, p.98Refresh

Triggers Action1 relationship

EntitlementGroupINFORMATIVE

When a rating is marked as restricted, it affects the distribution entitlements and limits who can access the research publication

RIXML Research Data Dictionary v2.5.1, p.98Restricted