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Stockholm, December 19th 2008. Today CMA has announced that it has received Creditworthiness Level Number 5 - the highest credit rating from UC AB.
UC is Sweden's leading business and credit information agency. UC information is used as reference data for over 8 million business and credit decisions made every year in businesses, banks and finance companies.
The UC Risk credit evaluation system calculates the risk of a company becoming insolvent within one year. By insolvent UC means a situation in which the company cannot fulfil all its payment commitments. In order to easily be able to assess if this risk is high or low for a company, all Swedish companies are assigned a Credit Rating from 1 to 5, where 5 indicates the lowest risk of insolvency.
* Credit Rating 5 - means that a company is assessed as having the highest creditworthiness
* Credit Rating 4 - means that a company is assessed as having good creditworthiness
* Credit Rating 3 - means that a company is assessed as being creditworthy.
Each company is given a unique risk assessment which is updated daily with information from a large number of sources.
After thorough analysis CMA has been given Credit Rating number 5, indicating that the company fully completes its credit obligations and enjoys a very stable financial position. |