Why Should Bond Investors Understand and Use the Indicative Credit Score (ICS)?
ICS provides an in-depth and efficient analysis of the financial strength of bond-issuing companies. It enables risk comparison (Company Rating) across all issuers, even those without an official credit rating.
Benefits of Indicative Credit Score (ICS)
- Investor. A tool to help investors understand the risks of debt instruments to invest or follow a company they already invested in especially for companies without credit ratings.
- Issuer. A tool that helps companies assess their financial condition before issuing bonds, allowing them to conduct a self-evaluation prior to approaching a credit rating agency.
- Advisor / Underwriter. A tool to search and review both current and historical ICS data of various companies, presented in a clear and structured report format.
- Company or Business can use ICS data and reports to review their financial status and identify improvement areas based on performance indicators from their financial statements.
Indicative Credit Score (ICS) is a system developed to estimate a structural credit rating, based on financial statement analysis and financial ratios (Structural Rating Model). It applies statistical principles, and the model has been validated for accuracy and reliability. The resulting output serves as a second opinion comparable to a company’s official credit rating.
System Features
- Support for measuring ICS values according to the financial statements of listed companies in the Stock Exchange of Thailand, both year-end and quarterly financial statements (Current ICS).
- Supports storing historical ICS data for all listed companies (Historical ICS).
- Support for calculating forecast ICS values from financial statement data as needed (Forecast ICS).
- Supports ICS calculation for non-listed companies, with the ability to upload financial statements via Excel or enter the data directly into the system.
- Supports generating Indicative Credit Score Reports for Current ICS of selected companies.
- Supports generating Forecast Indicative Credit Score Reports for companies based on forecasted ICS results.
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