Announcing the TRACE Framework & MSME Credit Risk Data Pilot

The Credit Research Initiative (CRI) at the National University of Singapore today announced the launch of two significant resources aimed at transforming credit risk assessment for Micro, Small, and Medium Enterprises (MSMEs): the TRACE framework whitepaper and a corresponding pilot dataset for Singapore’s Food & Beverage (F&B) industry.

Building on its globally recognized research in forecasting the Probability of Default (PD) for public companies, CRI is now addressing the complex and often opaque world of private MSME credit risk. This new initiative provides financial institutions, researchers, and policymakers with powerful tools to better understand and manage risk in this vital economic sector.

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