We are pleased to inform you that based on Dun & Bradstreet's ("D&B") scoring model, which measures the stability of companies and aims to estimate the risk of company failure in the next twelve months, Rittal s.r.o. was ranked among the 0.1% most stable companies in the Czech Republic and Europe and received the AAA Platinum Excellence certificate.
Motto: Challenging market conditions, increased risks in business, high number of corporate bankruptcies, uncertain future prospects are factors that place enormous demands on entrepreneurs and their companies. In such turbulent times, there is growing importance of reliable information about the companies' performance development and their payment morale regarding their business partners. More than ever, risk management tools and scoring information are important for business and business decision-making.
The AAA Platinum Excellence rating is the most prestigious corporate award issued by Dun & Bradstreet in the Czech Republic and Europe. This rating provides an independent view of a company's financial and non-financial creditworthiness. It depicts its latest condition, financial situation, including a prediction of future risks. The AAA Platinum Excellence award is designed for the most successful domestic and European companies and testifies about their stability and likelihood of failure in the foreseeable future.
The AAA award is a prestigious independent rating of companies with a history dating back to 1908. The certificate confirms that its holders make beneficial use of their inputs and effectively convert them into products or services of high quality. The strict criteria of the rating guarantee the exclusivity of the companies that can receive the award and thus confirm their strong position in the market. Only a small percentage of economic entities will achieve the AAA Platinum Excellence rating, where the companies are long-term profitable, debt-free, have no overdue liabilities, and publish financial statements on regular and timely basis. Rittal s.r.o. is therefore among the roughly 0.1% of companies in the Czech Republic and Europe that have achieved a D&B score of AAA and have zero probability of bankruptcy in the foreseeable future. Rittal s.r.o. had to meet demanding evaluation criteria to achieve the highest AAA score (according to the ten-point D&B scale below):
Dun & Bradstreet's scoring model is based on econometric techniques, exact statistical analysis and data mining principles. The analysis is based on number of indicators from the individual characteristics of the company (company history, information on payment experience, financial data, links between entities and negative information), as well as on macroeconomic data. The model is developed to achieve maximum predictive power, which is mainly determined by the quality and scope of data from Dun & Bradstreet databases.
In these difficult times, when crisis follows crisis, we are all the more pleased that we have been able to obtain a certificate proving that we are among the excellent companies with excellent results and that we have gained the hallmark of a stable and reliable business partner. The AAA Platinum Excellence rating and inclusion among a small group of the most stable companies in the Czech Republic and Europe sends a signal not only to our business partners and customers, but also to our employees and owners, as well as to our competitors, about the high credibility of Rittal s.r.o. and the minimal risk of cooperation with us.
The achievement of this award is a credit to the entire team at Rittal s.r.o. and a big thank to be also to you, our customers and suppliers.
Thank you!