At a time when consumer confidence with corporate America is at an all-time
low, the Atlantic City
Special Improvement District (ACSID) is proud to announce that Dun &
Bradstreet, the world's leading
provider of business information, has awarded the ACSID with a rating of
"3A1," which is the
highest possible rating for a company of the ACSID's size.
The rating, which was issued on June 7, 2002, indicates a "strong"
credit appraisal. This indicates
that the company's obligations are retired satisfactorily and that Dun
& Bradstreet's review resulted
in a "strong" assessment of the company's financial condition.
The ACSID scored in the 91st percentile (a higher score than 90% of all
firms evaluated by Dun &
Bradstreet) in Credit Scoring. This indicates that the ACSID offers a
significantly lower credit risk to
vendors than other companies in the region and of comparable size in the
industry. The ACSID also
scored in the 100th percentile in "Financial Stress," which
measures the likelihood of a business experiencing
financial stress within an 18-month period.
The evaluation was based on the ACSID's latest audited financial statements,
payment history to
vendors, measuring the extent to which the ACSID can cover its current
obligations with current assets
or cash, the company's debt (the ACSID carries no long-term debt), inventory
turnover, collection
of receivable and overall financial management of the company.
Dun & Bradstreet's information and technology solutions have for 160
years enabled businesses to
conduct business with one another. This information allows businesses
to reduce credit risk, find
profitable customers and manage vendors efficiently. Dun & Bradstreet
owns the largest available
company database, which consists of nearly 75 million companies throughout
the world.
Copies of the Dun & Bradstreet report can be read at the ACSID office.
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