Risk Rating Scorecard Frequency:
Facility Risk Rating Descriptions:
FRR 1: Performing, little to no likelihood of default/loss given default
FRR 2: Performing, low risk of default/loss given default
FRR 3: Performing, but increased risk given:
FRR 4: Acceptable asset, but warrants closer attention than normal (probability of default 50% or more)
FRR 5: Underperforming, but credit mitigants exist such as collateral or guarantee
FRR 6: Loss is inherent, but not yet quantified
FRR 7: Quantified Loss has occurred
Facility Risk Rating Approval: