25,000 Firms downgraded

More than 25,000 firms have had their payment profile downgraded and are now a higher risk of severely delinquent payment in the coming 12 months according to the latest research from Dun & Bradstreet. The research also reveals that in excess 56,000 Australian and New Zealand based firms have been slower to pay their trade accounts in 2010 than they were in the previous 12 months.

These findings follow the inclusion of an additional 1,700,000 trade payment records on the Dun & Bradstreet database, which is part of our ongoing commitment to ensuring that our scores provide the most comprehensive insight into the payment risk of the Australian and New Zealand business community. Trade payment information is a key driver of D&B's refreshed Dynamic Delinquency Score (DDS) and it is highly predictive of future payment behaviour, particularly for smaller firms.

Dun & Bradstreet's refreshed DDS enables the effective management of client exposure throughout the customer lifecycle by providing a leading indicator of payment risk on more than three million firms across Australia and New Zealand.

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