Rating Company

Rating Company

Rating Company shows a company's credit rating.

Rating Company

Rating is used to find out a company's credit rating. The service provides answers about a company's rating and a recommended limit, a so-called credit limit.

Limit is a benchmark that calculates the total outstanding credit amount that a company may have outstanding to all suppliers at any given occasion.

Available countries

Svensk flagga Sweden

Available in

 Roaring API

rating company

Common use-cases:

  • Automated credit decisions
  • Simplify credit application management
  • B2B customer onboarding

Content

Sweden

Norway

Finland

Denmark

Company id

N/A

N/A

N/A

Credit limit

N/A

N/A

N/A

Rating


N/A

N/A

N/A

Rating & Limit Explained

Rating

The scoring model has an assessment scale of 1-100, divided into five risk intervals, where each increased score (points) means a reduced risk. The rating forecasts the probability of insolvency within 12 months.

Companies with low risk of insolvency are categorised into high rating and companies with high risk receive a lower rating.

Rating interval Category
80 – 100 Very low risk
60 – 79 Low risk
40 – 59 Medium risk
15 – 39 High risk
1 – 14 Very high risk
Limit

The limit is a benchmark that calculates the total outstanding credit amount that a company may have outstanding to all suppliers at one and the same time. The limit is calculated on the basis of the company's turnover depending on the rating interval.

80-100 – limiten is max 6 % of the turnover.
60-79 – limiten is max 5 % of the turnover.
40-59 – limiten is max 4 % of the turnover.
15-39  - limiten is max 0,4 % of the turnover.

 

Roaring API for rating and credit limit returns the following response.

  • A company rating point between 0 – 100
  • Rating referred to in text within five different intervals.
  • Credit limit, which is a benchmark.

Note: In some cases a rating can not be returned, if so, an explanation will be given.

Example response:

{
  "commentary": "string",
  "companyId": "string",
  "creditLimit": 0,
  "currency": "string",
  "rating": 0,
  "ratingText": "string",
  "rejection": {
    "causeOfReject": "string",
    "rejectComment": "string",
    "rejectText": "string"
  },
  "riskPrognosis": "string",
  "status": {
    "code": 0,
    "text": "string"
  }
}

{"message":"For Developers!"}

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Docs: app.roaring.io/developer/apis