This project delivers a full-spectrum credit risk evaluation of five major publicly listed companies operating across the Gulf Cooperation Council (GCC) region:
- Emaar Properties (UAE)
- SABIC (Saudi Arabia)
- Emirates NBD (UAE)
- STC (Saudi Arabia)
- Ooredoo (Qatar)
The goal is to produce a structured and transparent credit assessment based on both financial and qualitative dimensions.
- Data Collection: Sourced annual reports for 2022-2024 directly from official investor relations websites.
- Quantitative Analysis: Evaluated 8 core financial ratios (Liquidity, Leverage, Profitability, Efficiency) and assigned standardized scores.
- Qualitative Analysis: Incorporated macroeconomic, industry, governance, and ESG factors with expert judgment scoring.
- Scoring Model: Final Total Risk Score calculated using 60% weight on financials and 40% on qualitative metrics. Mapped to internal ratings (A1-C2 scale).
| Company | Final Rating | Risk Profile Summary |
|---|---|---|
| STC (Saudi Arabia) | A2 | Strongest credit profile |
| Emaar Properties | B1 | Solid financials, sector cyclicality risk |
| Ooredoo (Qatar) | B1 | Diversified, but geopolitical exposures |
| SABIC (Saudi Arabia) | B2 | Global exposure, cyclicality |
| Emirates NBD | B2 | Stable bank, structural leverage |
- Best Performer: STC
- Sectors: Telecom most resilient, Real Estate and Chemicals more volatile
-
Final Credit Assessment Report (PDF):
➔ Full financial ratio scoring, qualitative analysis, total risk scores, and strategic recommendations. -
Strategic Insights:
Tailored lending or investment recommendations provided for each company, simulating a real-world Credit Analyst perspective.
This final report and credit assessment model were built with support from ChatGPT (OpenAI), used as a co-pilot for idea structuring, Excel logic validation, and formatting refinement. The project reflects my own financial judgment, assumptions, and execution, but benefited from AI-based structuring and iterative feedback throughout.