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.
Last updated
| 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%
