Syncro System has been awarded an excellent credit rating for the whole of 2021 under the Credit Passport scheme. The creditworthiness assessment performed by the London-based Credit Data Research assigned Syncro System an A+ rating. This means that our company boasts an “excellent” ability to conduct its business activities while fulfilling all its financial obligations over the six-month period covered by the document, i.e. until the end of December 2021.
The Credit Passport scheme publishes a report every six months, based on various financial and business behaviour factors. The assigned rating is calculated by applying two different models to figures provided by the company’s financial report and to those held by the risk assessment centre of the Bank of Italy. The model used to analyse financial solidity is Moody’s Analytics’ RiskCalc, while that for business behaviour is Credit Data Research’s DefaultMetrics.
Syncro System holds an A+ Credit Passport. This means that borrowing by our company is at very low risk. Creditors and commercial partners can therefore have complete faith in Syncro System thanks to a minimum risk of insolvency (inability to fulfil contractual obligations or pay back borrowed capital to creditors) and an equally negligible risk of default. Our Credit Passport rating will be renewed again in December 2021.