Al Etihad Credit Bureau (AECB) has begun to issue Commercial Credit Scores to businesses in the UAE. Companies can now obtain their Credit Scores by visiting the Bureau’s customer service centers in Abu Dhabi and Dubai, providing documents as specified on the AECB website.
The Credit Score ranges from 300 to 900 and measures how likely an organization is to default within the next 12 months. The Commercial Credit Score is calculated using information from various sources, like banks, finance companies and telecom companies.
According to Marwan Ahmad Lutfi, CEO of Al Etihad Credit Bureau: “The launch of the Commercial Credit Score will help banks and other commercial lenders to assess the risk from the time of application throughout the entire lending relationship”.
According to international best practices, a good Commercial Credit Score assists small and medium enterprises in accessing the credit market because the analytic and predictive score indicates the likelihood of future default and the effectiveness of current management.
For more information on how to get your Commercial Credit Score and what it means, please visit AECB.GOV.AE