The use of share transfer records in credit rating of limited companies

790 concordatum requests made by limited companies Between January 2018 and March 2019, were evaluated together with the share transfer records of all limited companies for the last 5 years; and the records of limited company share transfer transactions those daily publicated at Turkey Trade Registry Gazette were questioned with comparative probability tables and artificial neural network pattern recognition applications, whether they are suitable for prediction of requests for concordatum particularly and for predictions of default generally. It has been investigated that, to what extent the probability of request for concordatum of limited companies which have transferred shares in different dates differ from each other and other limited companies which have not transferred shares. According to the results of both applications confirming each other; for limited companies that have transferred shares in the last 5 years, the possibility of concordatum (default) is highest in the most recent quarters following the share transfer and is higher during the quarterly periods of the first two years, compared to the quarterly periods of the last three years, following the share transfer. The work, utilizing Moving Share Transfer Lists and Moving Default Days Counters is considered to be containing methods for quantification of data sources with high potential for default probability like disposal of property, share transfer, title deed, address change and also methods for implementation with or without credit rating models based on financial statements and it is also considered to be applicable to other default types, disposal of property types and company types, depending on the provision of relevant data.