Mintos Risk Score updates March 2023

The latest Mintos Risk Score updates based on developments and data from the fourth quarter of 2022 are now live on the Mintos platform. In this article, we share the general summary of the most recent quarterly changes. All other details can be found on the Mintos Risk Score Updates page. An overview of historical changes in the Mintos Risk Score through the quarters is also available as a spreadsheet on the updates page. 

See all detailed updates

Overview of changes in the Mintos Risk Scores and subscores based on Q4 2022

The latest risk evaluation is based on the fourth quarter of 2022, and on some information sourced from the current payments status of the lending companies on Mintos. The results are reflected in the changes of the Mintos Risk Score and subscores for the loans available for investments within the Sets of Notes.

A trend worth noting that is a big driver of change in this update is the new methodology regarding the Legal Cooperation Structure Score. The essence of the score has remained the same. The main factors we review are access to the borrower-related cash flows and the recoverability potential based on the security setup and other credit enhancements. We have reiterated and improved the factors in how we measure both of these factors. The advancements in the score are based on our lessons learned and experience from the recovery cases, which has allowed us to better understand the crucial factors from the cooperation perspective. In addition, the score variables are more in-depth and algorithmic-based and allow us to better reflect the differences between the structures, especially since the trust setup implementation. 

There were subscore changes by 0.8 or greater for 30 companies.

The Mintos Risk Score and subscores were newly withdrawn for two companies – ExpressCredit Nambia and Alivio Capital Mexico. At the moment of this update, there are no active loan offerings from these lending companies. 

When it comes to loans from the lending companies from Russia and Ukraine, their status remains unchanged since the last update, with Mintos Risk Score and subscores withdrawn for these companies. 

To see detailed comments about all the latest changes in the Mintos Risk Scores and subscores, visit the Mintos Risk Score updates page.

Mintos Risk Score updates schedule

The regular schedule for the Mintos Risk Score updates is quarterly. Exceptions will be made in some cases when there is a significant material improvement or deterioration for specific Notes on the platform, in which case the changes are introduced as necessary.

For custom automated strategies, if you’d like to adjust your investment preferences based on the most recent Mintos Risk Score updates, you can do so in the strategy settings.

Mintos Risk Score methodology

The Mintos Risk Score is an aggregate of four subscores that are assigned to four different aspects of particular loans underlying a Set of Notes. These subscores rate:

  • loan portfolio performance (the portfolio health and historical performance of the loan book),
  • loan servicer efficiency (the capabilities of the loan servicer when it comes to the collection of borrowers’ payments),
  • buyback strength (the buyback obligor’s ability to fulfill contractual obligations, meet liquidity needs, and capital sufficiency), and
  • cooperation structure (the legal setup between the loan issuing company and Mintos).

According to the significance we see in each subscore, the weights of the subscores are loan portfolio performance 40%, loan servicer efficiency 25%, buyback strength 25%, and legal structure 10%.

The Mintos Risk Score rates the risk level of a particular Note on a scale from 10.0 (low risk) to 1.0 (high risk). The calculated score is rounded to 1 decimal place. The Mintos Risk Score can be withdrawn if one or more of the subscores is not available or simply when there are no loans available for investment from a specific lending company, and this is expressed with the value “Score Withdrawn” or (SW).

Here you can learn more about the Mintos Risk Score methodology.

Disclaimer: Under no circumstances should the Mintos Risk Score be treated and relied upon as a credit rating. It is not prepared in accordance with the methodology and provisions defined by the Regulation (EC) No 1060/2009 on credit rating agencies. The Mintos Risk Score is not investment advice and Mintos cannot be held liable for any losses which may result from basing investment decisions on information and/or analytical materials provided on this website.


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