Generic Corporate Scorecard

S&P Global Market Intelligence’s Generic Corporate Scorecard provides a comprehensive framework for the credit analysis of all non-financial corporates, covering 300 sectors and countries in just one model, with the use of well-established corporate rating criteria.

The Generic Corporate Scorecard offers a versatile and time-efficient tool to assess corporate credit risk using quantitative and qualitative factors. The Probability of Default (PD) Scorecard is accompanied by a Loss Given Default (LGD) Scorecard, which together provide a comprehensive tool to measure expected credit loss.

Methodology and Coverage

Robust Methodology

A transparent and robust methodology for analysing non-financial corporates based on key financial indicators and expert judgement, following the structure of well-established corporate criteria and benchmarks:

Extensive Sector Coverage

300 sectors¹ covered by the Generic Corporate Scorecard:
From advertising to airlines, software, steel, wireless telecommunication services, etc.
Weightings of key financial ratios adapt to sector specificity, according to a Competitive Position Group Profile

Extensive Country Coverage

Country risk scores for 150 countries and regions²
Growing coverage of frontier markets

¹As of April 2020
²As of April 2020

Probability of Default Scorecard

Benchmarked with S&P Global Intelligence data

Back-tested annually on more than 3000 publicly rated corporates
Calibrated to PDs that are broadly aligned with S&P Global Ratings’ criteria and further supported by historical default data dating back to 1981

Ensure comparability and transparency

Transparent, intuitive and user-friendly credit assessment framework for credit analysts
Best practice methodology to understand the definitions and impact of scoring on the assessment’s outcome

Download financial data in the Scorecard with CIQ Excel Plug-In

Financial ratios added in one click for 88,000 companies worldwide as of April 2020⁵.
Import other companies’ financial data and other information quickly and easily.
Automate the spreading of financial data from S&P Global Market Intelligence and S&P Capital IQ platforms using the Excel^® “plug-in” feature

Loss Given Default Scorecard

Detailed methodology for the assessment of recovery risk for the corporate sector

Effective and robust solution based on widely available data points
Model produces an LGD point estimate which can be mapped to any discrete recovery rating scale

Implement with Confidence

An off-the-shelf solution, so you can free up resources in your company to help increase efficiency throughout your business
Get in-depth credit training on the application of the Generic Corporate Scorecard and the methodology behind the scorecards
Harness the full power of the solution with year-round specialist support

Use in conjunction with other Scorecards

A wide range of Scorecards to cover all asset classes

In addition to the Generic Corporate Scorecard, we have 23 sector-specific Corporate Scorecards⁶ which enable a more detailed assessment on specific sectors: SME, regulated utilities, airlines and more. These scorecards use the same architecture, but with sector-specific weights, ratios and guidelines
The Generic Corporate Scorecard can be used to assess counterparties in the Project Finance Suite
IFRS 9 modules enable the calculation of point-in-time PDs through credit cycle conversion adjustments.

³S&P Global Ratings does not contribute to or participate in the creation of credit scores generated by S&P Global Market Intelligence.
⁴S&P Global Ratings does not contribute to or participate in the creation of credit scores generated by S&P Global Market Intelligence.
⁵S&P Capital IQ Platform. Date as off April 2020
⁶As of April 2020

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Generic Corporate Scorecard

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