Creditinfo has completed a detailed analysis, which displays Icelandic companies that have achieved top marks in its strength and stability assessments.
Of the 33,000 companies registered in the Icelandic Company Directory, only 682 pass the conditions set by Creditinfo in order to receive the award of being one of ‘Iceland’s Strongest Companies’.
Certification such as this is widely recognized in countries around the world, but in larger economies the conditions for the awards are not as strict as those in Iceland.
Creditinfo believes that in smaller economies, it is more important to assess a company’s strength through the stability of their operation performance over time, as opposed to only one fiscal year. This long-term assessment prevents the inclusion of companies that cannot withstand market fluctuations, such as was the case in the 2008 economic collapse.