Sri Lanka’s Central Bank said a new scoring system will be introduced to the Credit Information Bureau (CRIB) from January next year.
“There are lots of concerns about CRIB reporting. So, we decided to give a new face to the CRIB report by introducing a scoring system,” Deputy Governor H. A. Karunaratne said.
“From January onwards CRIB will be reporting a scoring system. The score will be between 250 (higher risk) and 800 (lower risk). Therefore it will give better information for the lending entities to make informed decisions.”
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