A credit rating is an assessment of the solvency of legal entities and individuals to understand their reliability.
We are talking about an algorithm for assessing credit risk on the part of the borrower..
It is formed from a number of variables.
The rating is compiled based on information about the purchase of goods, open banking information, analysis of professional activities, the presence of loans and debts, etc.
A credit rating makes it easier to analyze the likelihood of bankruptcy of an individual or legal entity.
Legal entities and individuals are assessed on a scale from 1 to 100.
The higher the score, the lower the risk that a person or company will face bankruptcy. Conversely, a low score indicates a high probability of failure.
Evaluation criteria in credit ratings
Fin-regulator is the world's most popular provider of credit history data. Its database includes information on +240 million companies. Fin-regulator provides services to 100 thousand clients who use agency information to make safe decisions.