Dun & Bradstreet is making some changes to business credit reports. Announced changes are as follows:
The risk range levels will be consolidated to display as Low to Moderate and as Moderate to High. These risk range levels help you gauge your company’s actual scores and ratings.
The Maximum Credit Recommendation (“MCR”) and Overall Business Risk (“OBR”) and related alerts will be removed from Credit Insights Free but will remain as part of our paid tiers.
These changes will go into effect on July 27, 2024. MCR is defined as:
The MCR is a valuable indicator of the greatest amount of credit D&B suggests should be extended to your business and is based on your business’s OBR which is derived from your business’s scores and ratings, and market conditions and size of the business.
Hat tip to terpdeterp
FYI D&B is a total joke. I have been in business 35 yrs.I was never a subscriber. But when I was young and green my company that I own got burned on payment from plenty of so called DB rated companies. When thoese companies busted out, they did it on everyone.
Couldn’t agree more. I work/have worked in Finance & Insurance, and every company I’ve worked for made us use D&B to some extent. It is more often than not wildly inaccurate and just a waste of time. A quick Google search shows bankruptcies, layoffs, and other red flags while D&B sits with a green “low risk” indicator and no “triggers” (as they call relevant news articles). Other strong companies are flagged as high risk for no apparent reason. Why any company pays D&B for their “services” is beyond me.
There is the issue when searching google can come up with same name and other attributes even though there can be two or more people.