As of 1 December 2023, the Singapore Commercial Credit Bureau uses a new 6-scale rating system to assess Private Education Institution (PEIs). To successfully renew its ERF licence, every PEI must achieve a minimum Band 2 rating.

The assessment centers primarily on the following financial pillars:

  • Profitability

  • Capital Structure

  • Liquidity

  • Growth

McKell Risk Assurance specialises in preparing PEIs to meet the required credit thresholds for registration renewal.

Financial Analysis Review:

Building upon your latest financial statements, we partner with you to create deep-dive 5-year projections—analysing liquidity, solvency, and growth—to give you total clarity on your financial trajectory.

Business Review Report:

We provide a signed professional assessment specifically validating your forward-looking financial forecasts. This review focuses on your 5-year projections to support your credit rating application.

Protect Your Institution. Renew with Confidence

We would be pleased to learn more about your upcoming ERF renewal plans and discuss how we can support your renewal submission through our financial advisory and validation process.

Please let us know if you would be open to a no-obligation discussion at your convenience to see how we might assist.

Noel.lee@McKell.com.sg