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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