Grow accounting services in AAA credit rating class. We got a nice surprise today when Bisnode Estonia sent us such a certificate in which Grow Finance was recognized as a participant in the highest AAA credit rating in 2015.
One of Grow Finance's main roles besides accounting is financial consulting. Therefore, I believe that such a certificate of our activities adds confidence that Grow is also able to provide high-quality financial support to other companies. For Grow, this rating means that we are ready to start new investments.
Only 3.8% of Estonian companies have achieved the highest credit rating level AAA. Companies with the highest rating have significantly better than average economic status and financial indicators, a positive background and correct payment habits. There are a total of seven rating levels, with AAA being the highest.
Bisnode Estonia calculates creditworthiness assessments (credit ratings) for all Estonian companies every day. The AAA rating system, created in 1989, has been in use in the Nordic countries, which has been adjusted taking into account the Estonian market and the data available here. The AAA rating system is widely known and recognized in Europe, especially in the Nordic countries.
When calculating the rating, the company's condition, background, financial indicators and payment habits are taken into account.