TAKOMA PARK, Md. (Aug. 8) - Washington Adventist University is enjoying its best credit rating ever, thanks to its improved working capital position. An August 5 report from Dun & Bradstreet upgraded the University’s Supplier Evaluation Risk Rating has been improved from a 2 to a 1. T
The current scale is from nine to one with nine being the lowest—high risk—and one being a low risk. Moving from a 2 to a 1 is the best possible rating.
The rating is based on past payment history and the ability to pay or availability of working capital.
“To achieve the most favorable risk rating is further evidence that the financial position of Washington Adventist University has been remarkably improved over the past five years and, at this moment, our vendors view us with a great deal of confidence,” said Patrick Farley, vice president for finance and administration.
According to its website, Dun and Bradstreet (NYSE:DNB) is the world's leading source of commercial information and insight on businesses, enabling companies to decide with confidence for more than 171 years. Its global commercial database contains more than 225 million business records.
The Company provides two solution sets that meet a diverse set of customer needs globally. Its Risk Management Solutions mitigate credit and supplier risk, increase cash flow and drive increased profitability while its Sales Marketing Solutions provide data management capabilities to convert prospects into clients by enabling business professionals to research companies, executives and industries.