Methodology updates
Risk model 1.1.0 adds Private Credit drivers
Borrower concentration, servicer dependency and recovery data join the published driver list.
VORUNEX Risk, , 3 min read
Three drivers specific to loan books are added to the published list. Classes R1 to R5 and their expected-loss bands are unchanged.
Effect on existing listings
None until the next annual review. New Private Credit cases are classified on 1.1.0 from the effective date.
Verification is not investment advice. Figures are as of the dates shown and are restated when passports change.