October 3, 2011

EOS Consolidated, EOS CCA’s Parent Company, Earns ‘A’ Rating

In August, EOS Consolidated, EOS CCA’s parent company, earned an “A” rating from Euler Hermes Rating GmbH for the seventh consecutive time.

The A rating indicates that EOS’s credit standing is well above average, despite the weak economy. Auditors forecast stability for the rating assessment over the next twelve (12) months.

EOS Consolidated’s excellent rating was attributed to its strong, sustainable profitability, its leading position in the German market, and its many years of experience in the purchasing of receivables portfolios.

The rating agency also stated that EOS Consolidated’s solid international presence boded well for its further implementation of EOS’s international expansion strategy.

“The rating encourages us in our strategy for internationalization and is motivation to continue our good work in the service o our customers,” said Justus Hecking-Veltman, member of the EOS Group’s Board of Directors and Chief Financial Officer.

The EOS Group, EOS CCA’s parent company and a company of the Otto Group, is a leading international provider of tailor-made services covering the entire life cycle of a customer relationship – from customer acquisition to electronic payment processing, debt collection and debt purchasing. The core business is receivables management. EOS is committed to high standards of debt collection to protect creditors and consumers. With over 5000 employees and more than 40 subsidiaries, EOS provides services for 20,000 clients in more than 20 countries around the world.