Importance Given the interdependence between performance indicators of sustainable development of an industry and the key value drivers, the analysis of a company's ability to add value along with the evaluation of industries' sustainability rating while elaborating credit decisions by a bank has recently become especially important. Objectives The purpose of this paper is to test the hypothesis of comparability of industries' sustainability ratings obtained under two different methods. One of them is traditional, and it is in general use by banks in the process of developing credit decisions. It implies a factor analysis of economic indicators. The disadvantage of the traditional method is that it provides a retrospective reflection of the state of affairs in the industry. I propose another method as an alternative one. Its advantage is in ranking industries by the degree of creating value in the future. Methodology The first phase of the study includes the evaluation of industry sustainability rating under the two mentioned methods. The second phase determines the correlation between the two sets of calculated ratings. Results Weak rank correlation led to further analysis of the value-creating factors (the third phase of the study) to obtain more convincing arguments in favor of substantiating the need to consider the value creation factors in the analysis of industries' sustainability rating by a credit institution. Thus, based on company's added value simulation, I have studied the behavior of cause-effect relationships between the value factors in the current crisis. Conclusions and Relevance I conclude that in the current financial crisis to elaborate credit decisions the banks should update the evaluation of industries' sustainability rating based on the regularities of cause and effect relationships between value factors.
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