ARM Firm EOS Consolidated Receives 'A' Rating

For the seventh time in a row, Euler Hermes Rating GmbH has rated EOS Consolidated with an ‘A’. This means that the agency assesses EOS’ credit standing as very good and well above average compared with the economy as a whole. The auditors forecast a stable development for the rating assessment over the next twelve months.

The main factors leading to this rating were strong, sustainable profitability, the leading position in the German market and the many years of experience in the purchasing of receivables portfolios.

The solid international presence of EOS Consolidated also made an impact on the rating agency. EOS has a good basis for the further implementation of its international expansion strategy, says the agency. ‘The rating encourages us in our strategy for internationalization and is motivation to continue our good work in the service of our customers,’ says Justus Hecking-Veltman, member of the EOS Group’s Board of Directors and Chief Financial Officer.

The EOS Group, a company of the Otto Group, 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 debt purchasing. The core business is receivables management. EOS is committed to high standards of debt collection to protect creditors and consumers. With over 5000 employees and more than 40 subsidiaries, EOS provides services for 20,000 clients in more than 20 countries around the world.