What is one of the objectives of rating advisory services?

One of the key objectives of rating advisory services is to provide management coaching to enhance financial decision-making. This involves offering insights and guidance on how companies can better position themselves in the market to achieve favorable ratings. The intention is to help management understand the factors that affect their ratings, such as financial metrics, governance practices, and industry trends. By equipping management with this knowledge, advisory services aim to promote effective financial strategies that can lead to improved performance and investor confidence.

The other options do not align with the main objectives of rating advisory services. Eliminating competition for the issuer is not practical or beneficial, as competition is a natural part of the market ecosystem. Strictly following historical data without flexibility would undermine the ability of companies to adapt to changing circumstances and innovate. Additionally, increasing the time for a rating process would likely lead to inefficiencies and undermine the responsiveness of the advisory service to its clients' needs.