The model categories the entity into broadly three categories, namely:
CMR 1 to 3: A good track record and/or no amount overdue.
CMR 4 to 7: Delinquent but never an NPA
CMR 8 to 10: Good chance that the asset will turn into an NPA over the course of the next 2 years.
CMR 1 means Lowest Possible Default Risk which denotes Borrowers in this rank are expected to have the highest possible likelihood of servicing and fully repaying their credit obligations on time.
CMR 2 means Very Low Risk of Defaulting which denotes Borrowers in this rank are expected to have a very high likelihood of repaying their credit obligations on time.
CMR 3 means Low Default Risk which denotes Borrowers that have this rank are expected to have a high likelihood and probability of serving their credit obligations on time.
CMR 4 means Significantly lower than the average risk of defaulting which denotes Borrowers that have the CMR-4 rank are expected to have a much better ability to service credit obligations than the average borrower. Such borrowers carry lower-than-average credit risk.
CMR 5 means Marginally lower than the average likelihood of someone defaulting which denotes Borrowers that have this rank are only expected to be marginally better than the person that stands a fair chance of defaulting. These borrowers only have marginally lower-than-average credit risk.
CMR 6 means Fairly average Likelihood of defaulting which denotes Borrowers in this rank are expected to have an average defaulting risk.
CMR 7 means A higher than average likelihood of defaulting which denotes Borrowers that have this particular rank are also expected to have a difficult time servicing their debt obligations than the average borrower.
CMR 8 means A high likelihood of defaulting which denotes Borrowers that have defaulted or been delinquent in the past, thus coming with a very high defaulting risk.
CMR 9 means A very high likelihood of defaulting. Some financial institutions may also think that a default is imminent which denotes Borrowers that have defaulted or exhibited delinquent behavior can, in all likelihood, default in the future as well.
CMR 10 means Highest likelihood of defaulting or is already a defaulter which denotes Defaulters of the past have the highest likelihood of continuing with the in-default status.
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