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What is solvency excellence?
The credit rating represents the above-average credit value of the companies - economic entities. It is based on the closing accounts of the business entities for the last financial year and provides for the safety of the business for the next twelve months.
Businesses with an above-average rating are less likely to have their accounts suspended next year (i.e., more than 90 days and more than 60 days of continuous next years lockout). To ensure a high rating, companies must meet the following requirements:
- ust have at least 1 employee
- total revenue exceeding RSD 1 million,
- must not have a transaction account lockout for more than 60 days without interruption or 90 days with interruption (<1.23% probability).
Business entities with a credit rating of excellence A have a probability of 45% that they will maintain the same credit excellence in the coming year.
Certification is an established practice in the international environment based on which business entities strengthen their reputation and confidence in the domestic and foreign business environment. Certificate winners gain additional trust from their business partners.
The Bisnode Group has many years of experience in awarding credit excellence certificates in the European countries: Sweden, Norway, Finland, Denmark, Slovenia, Croatia, Serbia, Bosnia and Herzegovina, the Czech Republic and Hungary. From now on, the certification will be implemented at the group level of 19 European countries where Bisnode operates.
Metal equipment MOS fulfils the criteria of credit rating excellence in 2014 and remains at the very top of Serbian companies authorized to use status A as a symbol of solvency excellence.
