ARM Firm EOS Group Receives

Hamburg – For the fifth time in succession, Euler Hermes Rating GmbH has awarded an ‘A’ rating to EOS consolidated. This means that the agency regards the company’s credit standing as well above the average that prevails in the economy as a whole.

The crucial factors in this appraisal were the very high and sustainable earnings power, its strong market position in Germany and the high quality and efficiency of its transaction handling in normal business operations. The rating agency was also convinced by the company’s high internal refinancing potential and its very high level of financial flexibility. The rating report emphasized the long experience in debt purchasing using efficient analytical methods, the effective risk estimates and monitoring activities, and the successful debt collection methods used by EOS.

The agency’s auditors assessed the strategic orientation of EOS consolidated in the receivables management field as convincing and expect its rating to show a stable trend over the next twelve months. ‘This rating certifies that we are capable of meeting the current challenges of the market and that we are a reliable business partner even in a difficult global economic environment,’ says Justus Hecking-Veltman, Board Member and Chief Financial Officer at the EOS Group. ‘The rating also reflects our chances of growing both in Germany and abroad, and confirms that EOS’s strategy is on the right track,’ adds Mr Hecking-Veltman.

About the EOS Group
With over 4000 employees in more than 20 countries, the EOS Group, a member of the Otto Group, is one of the leading financial services companies in Europe. The over 40 operating companies in the group are active in the receivables management, marketing and risk information as well as payment services segments and look after some 20,000 clients around the world – from banks and insurance companies, the manufacturing industry and mail order segment to public utilities, telecommunications firms and IT companies. For further information see www.eos-solutions.com.