Aon claims ratings agencies falling behind credit insurers
Aon Trade Credit has claimed that credit insurers have taken over the mantle from ratings agencies in determining UK companies' credit worthiness.
According to the broker, this shift in power means that it is in businesses' interest to work with credit insurers – which provide suppliers with cover against bad debts – to ensure that they have sufficient insight to enable credit lines for their key suppliers.
Stuart Lawson, head of Aon Trade Credit in the UK, commented: "The key is not to see this as an unnecessary intrusion but view information requests from insurers as a positive step to enable credit lines to be maintained or even
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