ucabnews

2009-01-28
 
CMA receives the highest credit rating from UC AB оf Sweden

UC AB - Sweden's largest and leading business and credit information agency has rated CMA's creditworthiness at the highest level.
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.


Back