Methods for assessing the creditworthiness of an enterprise

Creditworthiness as one of the key characteristics and prerequisites for the formation of financial flexibility of an enterprise requires up-to-date assessment methods, especially in Ukrainian realities, when enterprises experience a significant deficit of financial resources and are limited in the formation of equity capital due to the underdevelopment of the stock market. Systematization of existing methods made it possible to identify the most promising in terms of potential application in modern conditions. Complex methods based on a combination of quantitative and qualitative indicators are relevant for both enterprises and banks. Classification methods based on fuzzy sets and machine learning have high potential and prospects for application for banks. The main disadvantage of existing methods is the low predictive value for the medium term, which is especially relevant for long-term lending in conditions of a high level of uncertainty. A comprehensive approach to assessing creditworthiness is proposed based on assessing the external and internal environment, combining quantitative and qualitative indicators, and forecasting the financial condition of the enterprise based on the scenario planning methodology. It is proposed to carry out a general assessment of the level of creditworthiness in a graphical way based on a radial diagram, which provides clarity, the ability to identify "weak spots", and comprehensiveness. The methodology allows you to assess both the current and forecasted level of creditworthiness, integrate the process of analyzing the creditworthiness of an enterprise into the system of financial controlling and monitoring of the enterprise, and build creditworthiness management mechanisms at the enterprise on its basis.