In 2009, Soliditet’s AAA (triple A) credit rating system celebrated its 20th birthday
Soliditet was the world’s first company to use a computer-based specialist system capable of rating a company’s financial status and solvency. Regardless of the financial climate, over the years, the AAA rating has demonstrated that bankruptcies can be predicted up to one year in advance, with a probability of 86–94%.
Svar Direkt, the AAA rating’s previous incarnation, was launched in 1989. It was the world’s first computer-based specialist system, capable of diagnosing a company’s solvency without human input. The emergence of AAA was a pivotal change, the impact of which was felt throughout the industry.
Our credit rating system opened up a host of new opportunities to perform valuations and comparisons. Suddenly, it was easy to perform analyses on both customers and suppliers, as well as obtaining an accumulative assessment over total credit risk.