AppliTek again reaches "class 1" level Expected Default Frequency (EDF)
Published: 1/12/2010 11:12:00 AM
AppliTek again reaches "class 1" level Expected Default Frequency (EDF) as used by Moody's and international banks.
Expected default frequency (EDF) is a forward-looking measure of actual probability of default. AppliTek has now obtained for many consecutive years class I EDF, which means that the probability of default belongs to the best in world, meaning that doing business with AppliTek is a very safe way of cooperation.
This rating assures the management of AppliTek that the strategy followed in the last years has been fruitful in also obtaining the trust form many years of the banking world into our company. AppliTek is a company that is operating independently from banks, but we appreciate the EDF Class I given to us. A token of confidence in us.
The management of AppliTek is therefore proud that our customers cannot only rely on our innovations, customer service, worldwide availability of our products and services, but also on our financial strength.
As of Jan 11, 2010, our profitability, solvability and liquidity ratios belong to the best of the SME businesses in Belgium.
For more information, please contact our CEO David Laurier.