Credit ratings and COVID-19 | ICAEW

Credit history referencing and ratings are remaining influenced by pandemic-linked things, providing SME companies and their auditors a good deal to consider about. Equally economical statements and predictive details are utilized, but are audit reviews remaining interpreted the right way?
As we enter the next period of the pandemic, enterprises of all styles and measurements are wanting nervously at their credit history scores and pondering how they have been affected by the financial and enterprise challenges and uncertainties of COVID-19.
There are numerous issues to ponder. What data is being used by credit rating reference companies? Do they all consider the exact tactic to credit rating scoring? Are government guidance measures having an impact? What about extensions to filing deadlines, product uncertainty paragraphs associated to likely issue in audit reviews, or facts about directors? The list of examples goes on and on.
