CrefoScore

Objective, automated and easily interpreted - CrefoScore is a unique index that is used in the calculation of the solvency of companies to assess compliance CrefoCert certificate standard.

CrefoScore
index
CrefoScore
classification
CrefoScore
credit risks

CrefoScore
index

CrefoScore – easy to use and efficient early-stage credit risk indicator, providing immediate assessment of credit applicant’s solvency. CrefoScore precisely corresponds to the current probability of default within 12 months. The higher the index, the higher the risk of insolvency of the company. In order to obtain results which are easier to understand and to use, CrefoScore index is classified into risk classes.

CrefoScore is built using the results of extensive CREDITREFORM research. The following insolvency predictive data listed below are included in estimationhttp://www.crefocert.lv/?_lang=en:
*Financial data;
*Latvia’s largest payment history database, maintained by CREDITREFORM;
*Structural data of companies;
*Industry default risk indicators;
*Information from VAT Payer’s Register.

CrefoScore
classification

For more convenient use of the index, CrefoScore is classified into risk classes. In the first and second risk group companies with excellent sovency indicators are present, which, according to current calculations, are only 1.5% of Latvian companies. On the other hand, 10th risk class basically means the company insolvency and liquidation proceedings.

CrefoCert certificates may be obtained by companies with a CrefoScore index of 100-250 or within 1st-3rd risk class, respectively - the solvency rates are high, and credit risks - low.

CrefoScore
credit risks

CrefoScore automated system and company movement analysis(solvency improvement or worsening) in a certain period of time gives the opportunity to calculate the probability of insolvency for each risk class.

In the result of calculations, it is possible to classify secure credit involved deals from risky deals, therefore CrefoScore is a valuable indicator of credit risk management. According to current estimates, observed default rate for CrefoCert certified companies is only 2,4%.

Observed default rates for risk classes (12 months)

Purchase of CrefoCert

CrefoScore ≤ 250
Riska class ≤3
Company has been registered for at least 1 year
No significant credit risks found through detailed financial analysis.

CrefoScore ≤ 200 for the last 2 years
Riska class ≤ 2 last 2 years
No significant credit risks found through detailed financial analysis.

Certificate offer includes:
  • CrefoCert certificate for a year

  • CrefoCert certificate original in a frame

  • Certificate online stamp

  • Remarks on international credit reports

  • Remark on CrediWeb company profile

  • Possibility to translate certificate in multiple languages

  • Company logo with link to home page and a brief description of the business on crefocert.lv

  • Additional publicity in social media

150 € + VAT 21%

Apply for certificate

500 € + VAT 21%

Apply for certificate