Our scorecard updates are not performed according to a schedule or set time period.
Rather, our Scorecards are continually monitored to understand the performance of the scorecards over time. As new economic changes and trends emerge, these inevitably cause slight shifts in what factors are most indicative of company failure and stability. Our Scorecard monitoring allows us to measure these shifts, and determine whether the predictability of our scores remains over an acceptable threshold.
If and when the predictability of a scorecard begins we deteriorate, we make it our priority to re-evaluate the data we hold, the variables we measure and the weightings we apply to each variable. With the development of the new more robust scorecards, we have strengthened our ability to thoroughly assess the predictability of variables over time and adapt the model as and when needed, in line with economic changes.