Why companies from the same group have different risk score?

This might be the case due to one of two reasons:

1. The Risk Score also includes the risk assessment of country-related factors. Countries with less favorable business environments will have lower scores even if they are part of the same group and have the same financial data as the basis for the scoring.
2. In case a lending company provides the investors with its own standalone financial statement, not just the group’s, it is used to assess the lending company’s performance, and then adjusted based on the group’s strength.