ARM Firm EOS Consolidated Receives ?A? Rating

Hamburg, Germany – For the sixth time in succession, Euler Hermes Rating GmbH has rated EOS Consolidated with an ‘A’. This means that the agency regards EOS’ credit standing as well above the average that prevails in the economy as a whole.

The main factors leading to this rating were the extremely high and enduring profitability of EOS Consolidated, its many years’ experience in debt purchase, its leading position in Germany and its strong presence in Eastern Europe. Its high quality of transaction handling in operational activities and its good management team, too, were convincing arguments for the credit rating agency. The report also emphasizes the quality, results and reputability of the debt-collection methods of EOS Consolidated as further crucial factors in the success of its operating activities.

The quality orientation of EOS’ strategy was assessed as convincing by the agency, and its assessors are expecting the rating to remain stable over the next twelve months. ‘This rating is proof that we met the challenges of the market in the past and will continue to be a reliable partner for our clients in the future, despite the difficult economic situation,’ says Justus Hecking-Veltman, member of the EOS Group’s Board of Directors and Chief Financial Officer. ‘Furthermore, the rating report clearly illustrates that EOS is in a good position to implement its international growth strategy. It is confirmation that we have been following the right path,’ adds Mr Hecking-Veltman.

About The EOS Group
The EOS Group, an Otto Group subsidiary, is a leading international provider of tailor-made services covering the entire life cycle of a customer relationship – from customer acquisition to electronic payment processing, debt collection and purchase of receivables portfolios. The core business is receivables management. EOS is committed to high standards of debt collection to protect creditors and consumers.  With over 5000 employees, EOS serves its 20,000 customers in more than 20 countries worldwide through over 40 subsidiaries. More information: www.eos-solutions.com