Credit ratings and COVID-19 | ICAEW

Credit score referencing and ratings are remaining influenced by pandemic-relevant variables, supplying SME businesses and their auditors lots to feel about. Both financial statements and predictive facts are applied, but are audit reviews being interpreted effectively?
As we enter the subsequent stage of the pandemic, firms of all shapes and measurements are on the lookout nervously at their credit scores and wondering how they have been afflicted by the economic and company problems and uncertainties of COVID-19.
There are numerous concerns to ponder. What facts is currently being used by credit history reference businesses? Do they all just take the exact approach to credit score scoring? Are authorities assist measures obtaining an effect? What about extensions to filing deadlines, substance uncertainty paragraphs associated to likely issue in audit reports, or details about administrators? The checklist of examples goes on and on.
