(i) A lower CII number compared to the prior period represents a decline in credit health, while a higher number reflects an improvement. The CII number needs to be looked at in relation to the previous period(s) and not in isolation. In September 2023, the CII of 107.7 represented an improvement in credit health compared to the same month prior year (September 2022) and a slight increase in credit health compared to the prior quarter (June 2022).
(i) A lower CII number compared to the prior period represents a decline in credit health, while a higher number reflects an improvement. The CII number needs to be looked at in relation to the previous period(s) and not in isolation. In September 2023, the CII of 107.7 represented an improvement in credit health compared to the same month prior year (September 2022) and a slight increase in credit health compared to the prior quarter (June 2022).