Mintos upgrades 18 originators’ risk scores in first quarter
Mintos has upgraded 18 of its originators’ risk scores and downgraded 10 others, in its first-quarter risk score update.
However, the European lending marketplace noted that loan issuance had been stable and there had been no big changes in operations over the period, meaning there were very few changes in overall scores.
There were seven subscore changes of 0.8 or greater for the first quarter, Mintos said.
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“When it comes to loans from lending companies from Russia and Ukraine, their status remains unchanged since the last update, with Mintos Risk Score and subscores withdrawn for these companies,” the firm said in a blog post on its website.
The Mintos Risk Score rates the risk level of a particular note on a scale from 10 (low risk) to 1 (high risk). The score is compiled from an aggregate of four subscores, which rate loan portfolio performance; loan servicer efficiency; buyback strength; and cooperation structure.
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The originators with the highest risk scores on Mintos are now Eleving Group’s lenders in Lithuania and Latvia, which both hold a score of 8.6.
The lowest risk score is held by Mexico’s Financiera Contigo, which was downgraded to 5.6 in the first quarter.
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