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AA credit rating for TimeLog

As one of 62 companies, TimeLog A/S has once more been awarded the “AA” credit rating by the Danish organisation Bisnode.

More than 2400 parameters are included in the credit rating. In the category Other publication of software only 62 of 556 companies were awarded with the AA credit rating - one of them being TimeLog.

TimeLog A/S – a trustworthy business partner, also financially

The AA credit rating is based on a series of subsidiary ratings of among others ownership, finances and creditworthiness. Only the AAA rating is better, whereas the C rating is the lowest rating available. To achieve an AA rating, the company needs to have a solid ability to meet actual payment obligations, and show that the company is well established and a trustworthy business partner for its creditors.

The financial crisis has put Danish companies under pressure

Therefore we are even more proud to receive a silver medal, which clearly shows that you can create growth with time tracking, even in markets with less growth. Optimising processes and work tasks has since 2009 brought a significant change in how we in TimeLog work with way more stringent work processes and effective planning.

Information about Bisnode A/S

The Danish organisation Bisnode is making the analysis. The company is the world’s biggest supplier of credit and business information for both companies and private persons.

Read more here:

If you want to know more about the credit rating index you can visit the following web sites:

Dun & Bradsheet - (the international credit rating organ Dun & Bradsheet)

Bisnode - (Soliditet A/S in Denmark)

 

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