Multi-model credit rating system for SMEs: a deterministic methodology of arrangements with repetitions
Abstract
The present document analyzes a proprietary methodological framework, developed in 2015, based on a deterministic approach for the temporal normalization of the scores on a two-year basis and for the determination of the final rating. The distinctive element of the system lies in the use of “arrangements with repetitions” to codify the expert decision rules for multi-model aggregation, in a rigorous logical structure. The system integrates five distinct scoring methodologies (SME Z-Score, Bank Score, EM Score, MCC Rating, Company Performance Index) reaching a final rating through an aggregation process that combines quantitative, qualitative and performance components
Fields of Study & Subjects
Financial Distress and Bankruptcy Prediction
Credit Risk and Financial Regulations
Intellectual Capital and Performance Analysis
Publication details
- Journal / source
- Risk Management Magazine
- Publisher
- Italian Association of Financial Industry Risk Managers (AIFIRM)
- Volume
- 21
- Issue
- 1
- Pages
- 49–73
- Publication date
- 1 April 2026
- Language
- IT