The TSEK Business Index service (TSEK Bi) was inaugurated by Tiresias. The service comes as an extension of the TSEK platform. Through this, businesses will be able to assess the likelihood that a company with published balance sheet data will default on its obligations within the next 12 months.

According to the relevant announcement, the new service is available through the tsek.teiresias.gr. There, a report is produced, which the entrepreneur can understand. As pointed out, no special knowledge is required to understand it.

Tsek Bi was developed by Tiresias specifically for Greek businesses. It is based on Moody's Analytics' Risk Calc model. It produces a business risk indicator for a specific company, taking into account the macroeconomic data of the Greek market. With the TSEK Bi, the assessment of solvency is made regardless of whether a business currently has data of negative economic behavior (uncovered cheques, unpaid bills of exchange). Thus, it is expected to complement the credit risk assessment services provided to businesses by Tiresias through the electronic platform TSEK, which was created for companies to have access to financial and business data, which contribute to the consolidation of their financial transactions and the development of their portfolio.