Credit ratings, Credit Scoring, Credit checks and Credit History
Globalisation and the pace of business today means that you often have to make rapid decisions about whom you wish to trade with, whether to grant credit, or check whether a company is financially secure.
You may also want the option to protect your sales and secure cash flow. Furthermore there will be occasions when you will quickly have to demonstrate your own credit worthiness to your suppliers and customers. If you are involved in e-commerce and trade on the Internet, your customers' or your suppliers' need to know you and this makes your credit rating even more significant.
@rating meets your requirement for reliable information and immediate response with the option of debt protection - all available online.
Accessing @rating
All @rating services can be accessed online via the Coface dedicated credit rating website. The site includes free access to sample credit ratings on a range of companies worldwide so you can test @rating and assess the credit ratings of a selection of your suppliers.
To know more, please read the brief descriptions below and then click on the service that best meets your needs.
The @rating Credit Opinion service is an easy to use, cost-effective and rapid method of enabling you to assess the creditworthiness of any company across the world that is held on our constantly updated database of over 50 million businesses. It is particularly useful if you are extending credit across the Internet.
Coface offers 2 options with this service:
- the Credit Opinion service which provides an instant online credit check facility, with a simple scale of 5 rating levels, each corresponding to a fixed value;
- the Customised Credit Opinion service, also an instant online credit assessment facility but which provides an opinion on a company expressed as a specific figure based on the amount requested.
Both services are 'monitored' which means that if there is any change to the credit rating, Coface will notify you immediately so that you are always kept up-to-date with any change in your trading partners' credit status.
The @rating Quality Label is a straightforward and cost-effective way of demonstrating that you are a good business partner to deal with and that you are able to repay your trade debts. Your @rating Quality Label can be put on your promotional material, stationery and web site. It will also be displayed on Coface's dedicated @rating web site, therefore ensuring worldwide recognition for your company. The @rating Quality Label is particularly useful if you are seeking credit across the Internet.
Debt Protection - existing clients
If you are insured with Coface UK and your customers had an @rating Quality Label, you would be fully insured up to 100% of the amount covered by the @rating. This means no indemnity level reduction within the amount indicated by the @rating.
Debt Protection - single customer
Whether you are a Coface UK client or not you can quickly obtain and pay for debt protection transactions with any customers with an @rating Quality Label.
The @rating country rating provides you with an assessment of the extent to which the ability of a customer to honour its financial commitments is influenced by the economic, financial and political outlook in its home country. The 140 country ratings are regularly updated and are available free of charge on www.cofacerating.com.
