I’m keen to understand the nature of the difference in assessment of a credit score of Sound compared to the published Credit Rating which indicates only a 67% probability that the debt would be repaid in full and on time. Can Marketlend provide some details relating to the latter assessment to be able to put the two in context. The Credit Report I expect considers differing criteria than the Credit Rating regarding the specific loan.
In addition are there any recent P&L statements and Balance Sheet that provide further detail of their operations. I’m keen to understand the trending in relation to bad debts and the level of provision for doubtful debts as this has been highlighted in previous statements. I appreciate that there would be a high level of these types of debts given the nature of the short term lending but would like to understand the current state before further investment.