Case Study: a mid-sized global accounting firm streamlines credit risk evaluation with S&P Global Market Intelligence

Streamlining the Evaluation of Credit Risk

S&P Global Market Intelligence helped a mid-sized global accounting firm, which needed a better way for its Singapore auditing team to assess the credit risk of many small end customers of SGX-listed clients. The firm had limited financial data available and also needed to comply with IFRS 9 requirements for forward-looking probability of default calculations.

Using S&P Global’s Credit Analytics credit scoring module, the team applied model-based PDs for larger receivables and proxy Expanded PDs for smaller counterparties, with point-in-time adjustments for forward-looking estimates. S&P Global provided whitepapers, training, and ongoing support to explain the methodology and implementation, helping the auditors quickly evaluate a large universe of companies and meet time-sensitive reporting deadlines with a transparent, well-tested approach.