Rating model of Creditinfo Lietuva is developed to assess a probability of companies’ bankruptcy probability for a period of 12 months. Application of this model includes the evaluation of the wide spectrum of statistical factors, which have an impact on company’s insolvency.
In what cases this rating model could be applied? The rating model of Creditinfo Lietuva can be applied to achieve the following aims:
- establish, speed up, automate and rationalize the credit application evaluation process and reduce expenses of this activity;
- evaluate in a more objective manner all or new business clients, on which the company does not have information;
- place business clients evaluation into the www settings;
- set the credit limit in more rational manner;
- evaluate and observe quality of clients obligations portfolio;
- plan monetary flows and expected losses in accordance to the credit risks.
The model was created and tested by using the payment history, juridical, economic and financial data of Lithuanian companies. It corresponds to the Basel II requirement, applied to the banks’ rating models. The model has been created by Norwegian company Creditinfo Decision, which is a part of Creditinfo Group Ltd (more information in www.cidecision.com).
Please contact us for further information on +370 5 239 41 31 or E-mail info@creditinfo.lt.