diff --git a/src/components/PortfolioRiskScore.test.tsx b/src/components/PortfolioRiskScore.test.tsx
new file mode 100644
index 0000000..d76d8c0
--- /dev/null
+++ b/src/components/PortfolioRiskScore.test.tsx
@@ -0,0 +1,35 @@
+import { render, screen } from '@testing-library/react';
+import PortfolioRiskScore from './PortfolioRiskScore';
+
+const mixed = [
+  { symbol: 'AAA25', rating: 'AAA' as const, weight: 30, yield: 4.5, maturity: '2028-06-15' },
+  { symbol: 'BBB25', rating: 'BBB' as const, weight: 25, yield: 6.2, maturity: '2030-03-20' },
+  { symbol: 'BB20', rating: 'BB' as const, weight: 20, yield: 8.1, maturity: '2032-11-10' },
+  { symbol: 'B15', rating: 'B' as const, weight: 15, yield: 10.5, maturity: '2034-01-05' },
+  { symbol: 'AA10', rating: 'AA' as const, weight: 10, yield: 5.1, maturity: '2029-09-30' },
+];
+
+describe('PortfolioRiskScore', () => {
+  it('renders risk score for mixed portfolio', () => {
+    render(<PortfolioRiskScore holdings={mixed} />);
+    expect(screen.getByText('Portfolio Risk Score')).toBeInTheDocument();
+  });
+
+  it('shows empty state', () => {
+    render(<PortfolioRiskScore holdings={[]} />);
+    expect(screen.getByText(/No bond holdings/)).toBeInTheDocument();
+  });
+
+  it('renders all holdings', () => {
+    render(<PortfolioRiskScore holdings={mixed} />);
+    expect(screen.getByText('AAA25')).toBeInTheDocument();
+    expect(screen.getByText('B15')).toBeInTheDocument();
+  });
+
+  it('all-AAA shows Very Low Risk', () => {
+    render(<PortfolioRiskScore holdings={[
+      { symbol: 'SAFE', rating: 'AAA' as const, weight: 100, yield: 4, maturity: '2028-01-01' }
+    ]} />);
+    expect(screen.getByText(/Very Low Risk/)).toBeInTheDocument();
+  });
+});
diff --git a/src/components/PortfolioRiskScore.tsx b/src/components/PortfolioRiskScore.tsx
new file mode 100644
index 0000000..5e14245
--- /dev/null
+++ b/src/components/PortfolioRiskScore.tsx
@@ -0,0 +1,74 @@
+import React, { useMemo } from 'react';
+
+type BondRating = 'AAA' | 'AA' | 'A' | 'BBB' | 'BB' | 'B' | 'CCC' | 'CC' | 'C' | 'D';
+
+interface BondHolding {
+  symbol: string;
+  rating: BondRating;
+  weight: number;
+  yield: number;
+  maturity: string;
+}
+
+const RATING_SCORES: Record<BondRating, number> = {
+  AAA: 1, AA: 2, A: 3, BBB: 5, BB: 8, B: 12, CCC: 18, CC: 25, C: 35, D: 50,
+};
+
+function calcPortfolioRisk(holdings: BondHolding[]) {
+  if (!holdings.length) return { score: 0, tier: 1, contributions: [] as any[] };
+  const contributions = holdings.map(h => ({
+    symbol: h.symbol,
+    rating: h.rating,
+    weight: h.weight,
+    score: RATING_SCORES[h.rating],
+    contribution: (RATING_SCORES[h.rating] * h.weight) / 100,
+  }));
+  const weightedSum = contributions.reduce((s, c) => s + c.contribution, 0);
+  const totalWeight = holdings.reduce((s, h) => s + h.weight, 0);
+  const rawScore = totalWeight > 0 ? (weightedSum / totalWeight) * 100 : 0;
+  const score = Math.round(rawScore);
+  let tier = 1;
+  if (score > 50) tier = 5;
+  else if (score > 25) tier = 4;
+  else if (score > 12) tier = 3;
+  else if (score > 5) tier = 2;
+  return { score, tier, contributions };
+}
+
+const TIERS: Record<number, { label: string; color: string }> = {
+  1: { label: 'Very Low Risk', color: '#22c55e' },
+  2: { label: 'Low Risk', color: '#84cc16' },
+  3: { label: 'Moderate Risk', color: '#eab308' },
+  4: { label: 'Elevated Risk', color: '#f97316' },
+  5: { label: 'High Risk', color: '#ef4444' },
+};
+
+export default function PortfolioRiskScore({ holdings }: { holdings: BondHolding[] }) {
+  const { score, tier, contributions } = useMemo(() => calcPortfolioRisk(holdings), [holdings]);
+  const t = TIERS[tier];
+  if (!holdings.length) return <div className="text-gray-500 italic">No bond holdings to analyze.</div>;
+  return (
+    <div className="rounded-xl border border-gray-200 p-6 shadow-sm">
+      <div className="flex items-center justify-between mb-4">
+        <h3 className="text-lg font-semibold text-gray-900">Portfolio Risk Score</h3>
+        <span className="px-3 py-1 rounded-full text-sm font-medium text-white" style={{ background: t.color }}>
+          {score}
+        </span>
+      </div>
+      <p className="text-sm text-gray-600 mb-3">{t.label} — Weighted score from bond ratings mix</p>
+      <div className="space-y-1.5">
+        {contributions.map(c => (
+          <div key={c.symbol} className="flex items-center justify-between text-sm py-1 border-b border-gray-100 last:border-0">
+            <span className="flex items-center gap-2">
+              <span className="font-mono text-xs bg-gray-100 px-2 py-0.5 rounded">{c.symbol}</span>
+              <span className="text-gray-500 text-xs">({c.rating})</span>
+            </span>
+            <span className="text-gray-600 text-xs">
+              {c.weight}% weight — {c.contribution.toFixed(1)} risk pts
+            </span>
+          </div>
+        ))}
+      </div>
+    </div>
+  );
+}