We are proud to present an updated version of Seldon.Basis that was enhanced with a creditworthiness evaluation feature.
What Is It?
It’s an evaluation of a company’s potential ability to get a loan.
The calculation is done based on major Russian banks' method of debtor's creditworthiness evaluation. The debtor is put under one of 3 creditworthiness classes based on liquidity ratio, leverage ratio and profitability:
- Class 1 - reliable debtor with close to 100% chance of getting a loan;
- Class 2 - giving a loan requires caution;
- Class 3 - giving a loan is mostly avoided since it poses high risks for a bank.
Where Do I Find It?
It’s in the «Summary Information» section of a company’s profile:
Creditworthiness Evaluation is placed beside the Trustworthiness and Financial Stability Index.
1st and 2nd class debtors have their credit amount calculated:
Creditworthiness class is calculated based on company's financial statements and is not a sole criterion for a loan granting decision which is made regarding the qualitative analysis of debtor's documentation, their credit history, etc.