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Credit Ratings are issued to a company's load posting. The credit rating offers an assessment of the company's overall credit risk.
What risk factors determine the Credit Rating?
Each credit risk factor is weighted according to their importance. These include:
- Years in business;
- Collection activity;
- Payment trends;
- Account longevity;
- Average credit lines.
What do the Credit Ratings mean?
Credit Rating (CR) |
Ranking (out of 10) |
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A++ |
10 |
A+ |
9.5 - 9.9 |
A |
9.0 - 9.4 |
B+ |
8.5 - 8.9 |
B |
8.0 - 8.4 |
C+ |
7.5 - 7.9 |
C |
7.0 - 7.4 |
D |
below 7.0 |
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Credit Rating = N/A
Credit rating not yet accessed as the company may still be too new.
Note: 123Loadboard.com does not lay any claims to the accuracy of the credit ratings and in no way is the broker/shipper/carrier/trucker bound to it. You may always choose to make additional credit checks and factor the truckload through Freight Capital. Learn more here!
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