{
  "code": "EE",
  "name": "Estonia",
  "status": "limited",
  "currency": "EUR",
  "identifier_schema": [
    {
      "field": "registry_code",
      "label": "Registry code",
      "required": true,
      "pattern": "^[0-9]{8}$",
      "notes": "Eight digits. The primary key for every registry lookup in this market."
    },
    {
      "field": "vat_number",
      "label": "VAT number",
      "required": false,
      "pattern": "^EE[0-9]{9}$",
      "notes": "Not required. Present on most trading companies and useful as a cross-check."
    },
    {
      "field": "legal_form",
      "label": "Legal form",
      "required": false,
      "pattern": null,
      "notes": "Affects which statements the entity is obliged to file, which affects which ratios are computable."
    }
  ],
  "rating_scales": [
    {
      "id": "bureau_alpha_7",
      "label": "Bureau letter grade",
      "kind": "ordinal",
      "direction": "higher_is_better",
      "grades": [
        "A1",
        "A2",
        "B1",
        "B2",
        "C1",
        "C2",
        "D"
      ],
      "min": null,
      "max": null,
      "notes": "Seven ordered grades, most favourable first. A policy floor names one of them, and every grade below that position fails. Ranking is decided by index, never by comparing the grades as text."
    },
    {
      "id": "bureau_pd_percent",
      "label": "Probability of insolvency, per cent",
      "kind": "numeric",
      "direction": "lower_is_better",
      "grades": null,
      "min": 0,
      "max": 100,
      "notes": "Issued alongside the letter grade. A policy may set its floor on either, and the two run in opposite directions."
    }
  ],
  "industry_schemes": [
    "mcc",
    "nace",
    "national_activity"
  ],
  "notes": "Financial statements are published by the national registry and a large part of the balance sheet and profit-and-loss is retrievable for a filing entity. One ratio cannot be computed for most of this market at all: the cash flow statement is a filing that smaller entities are lawfully exempt from, so operating_cash_flow_ratio returns availability not_filed rather than a value, and that is a fact about the entity's obligations rather than a signal about its credit. Debt service coverage depends on short-term borrowings appearing as a labelled line, which the smallest size class is not obliged to present, so its availability is decided per case from the entity's own filings and is never promised in advance. Transaction categories are not supplied by the account-information provider in this market and are derived by a Credit Atlas classifier from transaction text, so every category carries a confidence and category_source says so on each transaction. Bureau data is contracted for this market: an ordered letter grade, a probability of insolvency and an active-defaults flag are all retrievable per company. Note that this market has more than one payment-default register, so a clear result from the contracted one is not a statement that no register holds a default. The bureau also reports existing credit per subject: open facilities, outstanding balances, monthly instalments and credit limits."
}