ICAP Score expresses an estimation of a company’s credit quality with respect to the probability of default and/or bankruptcy within a one – year time horizon. This estimation is based on an analysis of commercial, financial and trading data derived from public sources and interviews with the rated companies.
The Evaluation of Creditworthiness (ICAP Score) is shown in a ten- grade scale (A1, A2, B1, B2, C1, C2, D1, D2, E1 και Ε2) according to the following pattern: the closest the Creditworthiness of the enterprise is to grades (B2 → A1) the smallest possibility of inconsistency or even bankruptcy. On the contrary, as the classification of the company reaches low-grade scales (D2 → E2) the possibility of inconsistency or even bankruptcy becomes bigger.
In addition, this product includes a credit limit assessment and significant information and/or commentary (Alarm, Government Gazette listings).
Creditworthiness Evaluation Zones (ICAP Score)
|Very Low Risk||Low Risk||Average Risk||High Risk||Very High Risk|
|A1 A2||B1 B2||C1 C2||D1 D2||E1 E2|