“Strongest in Lithuania 2011” is a certificate confirming that a company is reliable, meets its obligations on time, and is highly likely to fulfill its financial commitments. The situation in the business market and practices in other countries. During the economic downturn, confidence in business partners has been severely shaken due to losses incurred, and the recent deterioration in business expectations is prompting companies to evaluate existing or potential partners and suppliers of goods and services more cautiously. This certificate can alleviate business representatives’ doubts about another country. A certified company can demonstrate to both existing and potential business partners or clients that it is financially reliable, meaning it can fulfill its financial obligations on time. Such a certificate has attracted business interest in foreign countries and has been in use for a long time. For example, in Finland, 7,000 companies—that is, more than one-tenth of all operating companies—hold a certificate proving the company’s reliability and ability to fulfill its obligations on time.
How are the strongest companies evaluated? The most important criterion for awarding the “Strongest in Lithuania 2011” certificate is a high solvency rating, which indicates a low projected statistical probability of defaulting on obligations for 90 days or more over the next 12 months. A company is awarded the certificate if its projected probability of late payment does not exceed 17 percent.
