Dozen lenders downgraded in latest Mintos risk index
Mintos has downgraded 12 originators in its fourth-quarter risk score update.
The European lending marketplace has downgraded Creditstar, Credius, DanaRupiah, ESTO, Evergreen Finance (Botswana), Financiera Contigo, ID Finance, IDF Eurasia (Solva), LF Tek, Mikro Capital, Planet42 and Rapicredit for underlying loans risk.
Read more: Mintos updates risk scores
Mintos risk scores and subscores were newly withdrawn for two companies – ExpressCredit Nambia and Alivio Capital Mexico. There were no active loan offerings from these lending companies at the time of publication.
When it comes to loans from lenders from Russia and Ukraine, their status remains unchanged since the last update, with risk scores and subscores withdrawn for these companies.
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The data also shows that there were subscore changes by 0.8 or greater for 30 companies.
Mintos compiles its risk scores from analysing four subscores: loan portfolio performance; loan servicer efficiency; buyback strength and co-operation structure (the legal set-up between the loan issuing company and Mintos).
The risk score goes from one to 10, with one being high risk and 10 being low risk.
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