A Dun & Bradstreet International Business an information provider and rating agency, classifies the financial stability and business soundness of all operating companies according to a methodology that is continuously measured and proven by international experts. This is how our company, Co-Branding Hungary Kft., was selected as one of the most financially stable companies.
We are honoured to be ranked among the best in Dun & Bradstreet's objective company rating. We take great care to act fairly in the market, so it is important for us that an external expert has confirmed that the probability of insolvency of our company is extremely low. We believe that Dun & Bradstreet Certificate to our customers, suppliers and employees, we will further enhance the trust that is increasingly important in long-term, solid business relationships. The fact that an independent, international expert has recognised the stability of our company sends us the message that we are on the right track in building and developing our company. As our company's certification is based on strict professional criteria, it is not open to applications or candidates, so the Dun & Bradstreet Certificate is a truly positive way to differentiate our company in the market.
Co-Branding Hungary Ltd. has been awarded Dun & Bradstreet's A Certificate, which indicates that the financial risk of doing business with us is low.
The Dun & Bradstreet Certificate is based on the Dun & Bradstreet rating, which has been rating companies internationally on the basis of their reliability for decades. The Dun & Bradstreet Certificate, which is issued with AAA, AA and A marks, indicates the stability of a company and that it is financially sound. The AAA rating was introduced in 1989 and since 1996 companies have been given the opportunity to demonstrate their business reliability in the form of a certificate. The certificate gives eligible companies the opportunity to show others that their company is a respected, reliable, creditworthy company. The Dun & Bradstreet Certificate is used in many countries across Europe in a variety of business sectors.
The Dun & Bradstreet rating is based on data from a number of official sources, such as - in the case of Hungary - data from the Ministry of Justice, registrations of the Company Court, the National Tax and Customs Administration and other authorities. In addition to the data from official sources, the rating incorporates financial information on the company, such as balance sheet data, profit and loss account, trends. The rating takes into account the demographic data of the company or organisation, i.e. age, activity, size, owners and their affiliations. The rating incorporates data from the Payment Experience program to determine whether the business pays its bills on time or late, i.e., the payment discipline of the business. In addition to the above, the system also adds a range of other collected information to the Dun & Bradstreet rating, such as enforcement data or press releases.
Since the Dun & Bradstreet rating not only shows the current financial stability of our company, but also, thanks to the Dun & Bradstreet rating design, the probability of our company becoming insolvent in the next year, we can proudly say that Co-Branding Hungary Kft. will continue to be a stable player in the market.