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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