We monitor lending companies on an ongoing basis, and we update the Mintos Risk Score for Notes for each company quarterly. Based on the results and findings, subscores are upgraded or downgraded, which can lead to an upgrade or downgrade of the Mintos Risk Score. When there are important changes related to specific underlying loans (material improvement or deterioration such as a suspension or default of the loan issuing company), the related subscores and Mintos Risk Score are updated outside the regular schedule. You can find the latest update as well as an overview of historical updates of the Mintos Risk Score on our Mintos Risk Score updates page.
What can cause a downgrade of the Mintos Risk Score?
- The non-performing loan ratio deteriorates
- The lending company undergoes forced restructuring
- The lending company defaults on a financial obligation
- Financial ratios for capitalization, liquidity, and profitability deteriorate
What can cause an upgrade?
- The lending company significantly improves its debt collection or risk-based scoring, resulting in better loan performance and payoffs
- The lending company receives a capital injection
- The lending company improves its market position, product offering, and income diversification
- The lending company improves its internal procedures and processes
Under no circumstances should the Mintos Risk Score be treated and relied upon as a credit rating in accordance with the methodology and provisions defined by the Regulation (EC) No 1060/2009 on credit rating agencies. The Mintos Risk Score is not investment advice and Mintos cannot be held liable for any losses which may result from basing investment decisions on information and/or analytical materials provided on this website.