On 13 March 2015, Piovan S.p.A received the “D&B Rating 1” from CRIBIS, a rating that reflects the highest level of economic-financial reliability in business transactions for a company. This certificate is the highest evaluation of the economic solidity and commercial reliability of an organisation, and is issued only and exclusively to companies who maintain constantly excellent economic-financial reliability and timely payments.
The rating is assigned based on analysis of the company's financial statements over the past five years, and results from the evaluation of 1,500 different parameters, including how long the enterprise has been in existence, occupational growth, timeliness of payments, and the consistency of these results over time.
It is a prestigious recognition – assigned each year to just 6% of the more than 5 million Italian companies in operation – which confirms the effectiveness of Piovan's management and administration standards, and the assurances it extends to clients, suppliers and partner companies.
Cribis, part of the CRIF Spa Group (the only Italian company to be registered as a Credit Rating Agency (CRA), authorised by CONSOB (Italy’s security and exchange commission), ESMA (the new European Securities and Markets Authority) and EACRA (the European Association of Credit Rating Agencies) is a leader in Italy and globally in credit information. Cribis has the largest existing database of financial information, it tracks corporate payment management and manages the D-U-N-S ® Number, a unique company identification sequence, officially recognised by leading international corporations: the United Nations, US Federal Government, the European Commission, and ISO.