Yesterday the representative of Credit Information Bureau (Kredītinformācijas Birojs) Brigita Mironova visited us to hand us the certificate "STRONGEST IN LATVIA"
The "STRONGEST IN LATVIA" certificate is granted to financially stable Latvian companies. It confirms that the company has good credit history and management.
The key criteria for granting the “STRONGEST IN LATVIA 2017" and “STRONGEST LEADERS OF LATVIA 2017" certificates is a high credit rating, which predicts a low default risk for 90 or more days in the following twelve months. The creditworthiness of the company is assessed and ratings are determined on the basis of the credit rating principle, which consists of information on financial liabilities, history of debt payments, financial results – turnover, profitability, liquidity, equity, other ratios and their changes. Business relations, legal constraints, business risk and other relevant information is assessed. The total score consists of more than 100 different variables that may affect the credit rating of the company.