Credit Score
Credora uses the below for categorizing Credit Scores. Ratings produced using the Ratings Agency Equivalent scale are aligned with the scale utilized by S&P to produce credit ratings. This alignment allows Credora outputs to be easily compared with traditional ratings, and facilitates the derivation of Implied Probabilities of Default.
| Ratings Agency Equivalent | Credit Score | Implied PD |
|---|---|---|
BBB+ | 965 - 1000 | 0.13% |
BBB | 930 - 964 | 0.13 - 0.22% |
BBB- | 905 - 929 | 0.22 - 0.24% |
BB+ | 880 - 904 | 0.24 - 0.50% |
BB | 840 - 879 | 0.50 - 0.72% |
BB- | 810 - 839 | 0.72 - 1.22% |
B+ | 770 - 809 | 1.22 - 2.10% |
B | 710 - 769 | 2.10 - 5.97% |
B- | 650 - 709 | 5.97 - 8.82% |
CCC+ | 610 - 649 | 8.82 - 13.00% |
CCC | 560 - 609 | 13.00 - 19.00% |
CCC- | 510 - 559 | 19.00 - 24.00 |
D | 0 - 509 | >24.00% |
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