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Finance: Around 69 percent of Slovak Companies Pay Debts on Time
Monday 21 December 2009 Zoom in | Print page
Bratislava, December 21 (TASR) - Dun & Bradstreet (D&B) has decided not to lower its investment return risk rating for Slovakia due to most Slovak firms meeting their obligations on time, TASR learned from D&B marketing manager Barbora Florkova on Monday.
This means that Slovakia will retain its DB2d rating, which indicates low risks on investment returns.
According to the D&B analysis, a total of 69.1 percent of financial claims are paid in Slovakia properly and on time. In 15.5 percent of cases, however, companies see their claims paid only 30-89 days after the date invoices are due. Another 5 percent of debtors pay their obligations with a 3-month delay.
The Czech Republic's rating didn't change either, with investors facing low risks there. A total of 65 percent of claims are paid on time, with 10 percent coming in two weeks after invoices are due. Companies have to expect delays of between one to three months for 16.7 percent of claims.
D&B bases its risk indicator on an analysis of political, commercial, macro-economical and external risks. The risk scale includes seven levels - from DB1 to DB7.
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