It's not good or bad, per se, unless it's actionable and quantified.
- quantified: What's the difference in default probability between ranks 1-8 and rank 9? what about between rank 10 and rank 200? Without quantifying or at least qualifying what this ranking means, it's impossible to assess the accuracy of prediction in either direction.
- actionable: What do you do with this information, and what is the cost of taking that action?
An absolute ranking based on four statistics without even explaining the relationship between the statistics and the ranking is the statistical version of blogspam.
- quantified: What's the difference in default probability between ranks 1-8 and rank 9? what about between rank 10 and rank 200? Without quantifying or at least qualifying what this ranking means, it's impossible to assess the accuracy of prediction in either direction.
- actionable: What do you do with this information, and what is the cost of taking that action?
An absolute ranking based on four statistics without even explaining the relationship between the statistics and the ranking is the statistical version of blogspam.