From: The impact of working capital management on credit rating
RATING | MICRO-RATING | NWC | SIZE | COVERAGE | LEV | CAP_INTEN | LOSS | BIG4 | SUBORD | |
---|---|---|---|---|---|---|---|---|---|---|
RATING | 1 | |||||||||
MICRO-RATING | 0.979 | 1 | ||||||||
NWC | 0.008 | 0.009 | 1 | |||||||
SIZE | 0.51 | 0.511 | − 0.004 | 1 | ||||||
COVERAGE | 0.425 | 0.432 | 0.015 | 0.304 | 1 | |||||
LEV | − 0.503 | − 0.507 | − 0.031 | − 0.332 | − 0.536 | 1 | ||||
CAP_INTEN | 0.179 | 0.182 | − 0.053 | 0.059 | − 0.07 | 0.019 | 1 | |||
LOSS | − 0.409 | − 0.419 | − 0.015 | − 0.212 | − 0.333 | 0.307 | − 0.031 | 1 | ||
BIG4 | − 0.006 | − 0.001 | − 0.01 | − 0.059 | − 0.015 | 0.015 | 0.008 | − 0.006 | 1 | |
SUBORD | − 0.045 | − 0.047 | 0.002 | − 0.08 | − 0.029 | 0.012 | − 0.015 | 0.027 | 0.006 | 1 |