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Media Contact: Caroline Zimmerman, Editorial Director, 410-740-5560, carolinez@nacm.org

Economy Still Top Concern for Credit Professionals

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February 15, 2011: Columbia, MD-"The state and future of the economy" was the most popular answer in the National Association of Credit Management's (NACM) Monthly Survey for January, which asked "As a credit professional, what are your biggest concerns for 2011?"

Nearly 40% of respondents voiced their ongoing concern with the state of the economy, while the next most popular answer, "slow payment, delinquencies and general customer creditworthiness," received 22% of the votes. Another 10% of participants said their greatest concern was "larger companies dictating unfavorable terms," while 7% said they were most worried about their "job security or the future of [their] career."

Bay Area Credit Professional Mike Mino Named Chairman of the Board of Advisors for FCIB

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Columbia, MD: February 11, 2011-Michael Mino, CCE, the director of global trade credit for Oracle Corporation, is the newly named chairman of the board of advisors for FCIB, an Association for Professionals in Finance, Credit and International Business.

Accurate CMI Readings Show Worth of Credit Department

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Columbia, Maryland: January 26, 2011-News outlets heavily covered the National Bureau of Economic Research's (NBER's) announcements of when the recession began and when it mercifully ended. December 2007 was the official start date, giving a green light to negative GDP growth, increased investor anxiety and swift political action. Three months prior to the recession's official start, a sizeable contingent of credit professionals sat down at their computers and participated in one of a series of surveys conducted by the National Association of Credit Management (NACM).

NACM Statement on Fitch, S&P Ratings Actions

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Columbia, Maryland: August 18, 2011-Fitch Ratings recently affirmed its top-tier AAA sovereign rating of U.S. Treasury securities, just a little more than a week after fellow ratings agency Standard & Poor's (S&P) controversially downgraded the U.S. from AAA to AA+.

Both agencies' reasons for their affirmation, and downgrade, of the United States' debt runs parallel to the most critical, yet basic, tenets of credit. There are a number of striking similarities between statements in S&P's eight-page explanation of the U.S. downgrade and the "5 Cs of Credit," said officials with the National Association of Credit Management (NACM).

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