Illustrative model
Project Granite
A downside-led credit model focused on debt service, liquidity headroom and recovery value rather than a single-point equity outcome.
- Model type
- Private credit downside and recovery model
- Forecast scope
- Bear, base and bull scenarios
- Version
- 1.0
- Last updated
Illustrative case. No workbook is available.
Model structure
The sequence below traces each model from its assumptions to its principal outputs.
- Assumptions
- Operating scenarios
- Debt schedule
- Liquidity runway
- Covenant headroom
- Recovery analysis