Business to business lending in New Zealand has substantially grown following the Global Financial Crisis (GFC) in stark contrast to the rest of the developed world, but deteriorating repayment terms heighten the risk of business failures in the year ahead. These are the findings from new research by Dun & Bradstreet on trade credit trends in New Zealand and around the world.
Dun & Bradstreet is the world’s leading provider of commercial credit data with information on more than 170 million companies. The trade credit analysis is the first of its kind in New Zealand and highlights the link between trade credit, the largest source of short term finance for firms, and business health.
The Dun & Bradstreet data reveals the amount of trade credit extended during 2008 at the height of the GFC was a relatively low $4.87 billion as firms sought to minimise their exposure to potentially risky customers.
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Source: Dun & Bradstreet New Zealand