Hibs above Rangers and Celtic. Hearts are insolvent.
Credit rating company, Equifax has released details of the ratings of SPL clubs. As you’d expect, Hibs fare pretty well, coming in 3rd place behind St. Mirren and St. Johnstone who both had maximum points of 100. Hibs have 87 points which Equifax rate as an “A” – Very Good Score. The funny stuff comes nearer the bottom were Hearts are listed as “insolvent” which comes as no real surprise but is still nice to see from an authoritative source. Motherwell are also listed as insolvent and Hamilton get 2 points.
I was amused to see Dundee United at 42 points but actually that’s a “D” – Avergae Score. 42 is pretty good when compared to the English Premiership teams, only 5 of whom get over 50 points and 11 of whom are technically insolvent.
So, what does it all mean? Absolutely bugger all. More recession scaremongery and a company (Equifax) inventing a press release purely for the publicity.
EQUIFAX’S SCOTTISH PREMIER LEAGUE CREDIT RATINGS TABLE
| Club | Score out of 100 | Technically Insolvent |
| St. Johnstone | 100 | |
| St. Mirren | 100 | |
| Hibernian | 87 | |
| Rangers | 84 | |
| Celtic | 79 | |
| Aberdeen | 78 | |
| Kilmarnock | 71 | |
| Falkirk | 57 | |
| Dundee United | 42 | |
| Hamilton Academical | 2 | Yes |
| Hearts | 0 | Yes |
| *Motherwell | 0 | Yes |
*Motherwell Football and Athletic Club Limited is a company voluntary arrangement, so automatically given zero points and insolvency rating.
EQUIFAX’S PREMIERSHIP CREDIT RATINGS TABLE
| Club | Score out of 100 | Technically Insolvent |
| Man Utd | 100 | |
| Arsenal | 98 | |
| WBA | 78 | |
| Blackburn Rovers | 68 | |
| Tottenham | 50 | |
| Sunderland | 37 | |
| West Ham | 37 | |
| Manchester City | 27 | |
| Liverpool | 26 | |
| Fulham | 20 | Yes |
| Everton | 18 | Yes |
| Newcastle Utd | 12 | Yes |
| Aston Villa | 10 | Yes |
| Chelsea | 10 | Yes |
| Middlesbrough | 7 | Yes |
| Bolton Wanderers | 5 | Yes |
| Portsmouth | 2 | Yes |
| Wigan Athletic | 2 | Yes |
| Stoke City | 2 | Yes |
| Hull City | 1 | Yes |