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Company Watch, the rating specialists, adds Sweden to International Service Print E-mail
Tuesday, 19 May 2015

Company Watch, which specialises in tracking and predicting corporate financial health worldwide, has added Sweden to the many other major European countries to its online international system. This service will provide a full financial health assessment together with credit limits of around 700,000 Swedish companies.

Company Watch’s H-Score rating system separates the strong companies from those that are vulnerable to distress. Its ratings are not out of a black box - the financial reasons for their ratings are provided.
 
In addition to annual financials and ratings, users can access other important business details such as the group information, directors & shareholders details, and a range of supporting background information.
 
With a population of around 10m, Sweden is, according to Wikipedia,  the seventh-richest country in the world in terms of gross domestic product (GDP) per capita. Sweden’s most important sectors include: defence, education, wholesale and retail trade, transport, accommodation and food services.  In 2014, Sweden’s district courts ruled on 7,158 corporate bankruptcies, including sole traders.
 
Company Watch’s pioneering H-Score® methodology rates by analysing a company’s financials from seven different points of view. The result is that companies that experience distress are identified in advance by the H-Score systems.
 
Company Watch is unique among credit reference agencies in allowing users to test different financial scenarios and enter company management financials to generate instantly updated financial health assessments.
 
This new service for Swedish companies is an extension of Company Watch’s European coverage. In January it added Belgium, and last year launched tailor-made services for the Netherlands, France, Germany and Ireland. Users wishing to analyse companies in countries outside Europe are covered by Company Watch’s International Reports service on a ‘by-request’ basis.
 
Denis Baker, CEO of Company Watch, commented:

“We are pleased to add Sweden to our list of accessible countries - enabling users to instantly assess the financial health of Swedish companies both large and small. Further, the ability to carry out “what-if” analysis and enter more recent management financials provides the most up to date and realistic evaluation of a company’s health and creditworthiness.”

(Source - Company Watch News Release)
 

 

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