piraeus bank group

Enterprise Rating System: Update of the rating system for small and medium-sized Greek enterprises

Out of a sample of 7,896 Small and Medium-sized Enterprises, 8.6% records an outstanding performance in liquidity, profitability and solvency, thus achieving the highest rating. Another 35.7% of SMEs belongs to the next rating with positive but less satisfactory performance. 40.4% is classified in the third rating, which means that its performance falls behind significantly, while 15.4% of the sample is in the last rating, which means that they are seriously problematic enterprises.

Source: ICAP DATA, Piraeus Bank Research