Take Me Out To The Ball Game

ALLENTOWN, Pa., April 27, 2017 /PRNewswire/ -- Creditsafe, the world's leading provider of global business intelligence, released a report today tracking each of the 30 Major League Baseball teams. The study looked at the overall creditworthiness of each of the teams, as well as how quickly each paid their bills in the first quarter of 2017.

According to the results of the study, The Baltimore Orioles rank as the most financially stable MLB team, as well as the only team with a perfect credit score. At the other end of the spectrum, The Chicago Cubs and The Los Angeles Dodgers both receive the lowest rating due in part to prior bankruptcies. The Los Angeles Angels of Anaheim are the slowest to pay their suppliers with an average payment being 52 days beyond agreed terms and a credit score that rates their Creditworthiness as very high risk.

"Days beyond terms (DBT) is a commonly used business credit term that indicates how long a business has taken to pay its suppliers beyond the agreed payment terms. It is often cited as the most predictive data item when assessing a company's ability to stay in business. We have reviewed the DBT value for each of the MLB teams for the period of January through March of 2017.  Our analysis revealed most of the MLB teams pay their suppliers within terms," explained Matthew Debbage, CEO of Creditsafe USA and Asia. "We also discovered stragglers including: The Pittsburgh Pirates, The Detroit Tigers, The New York Mets and The Los Angeles Angels of Anaheim. The Angels were the slowest in the league taking on average 52 days beyond terms to pay their suppliers."

Specifically, the MLB teams paying their suppliers within terms are:

• Baltimore Orioles
• Cincinnati Reds
• Cleveland Indians
• Colorado Rockies
• Miami Marlins
• New York Yankees
• Oakland Athletics
• San Diego Padres
• Seattle Mariners
• Tampa Bay Rays
• Texas Rangers
• Washington Nationals

And, the MLB teams taking the longest to pay suppliers are:

• The Los Angeles Angels of Anaheim: 52 days beyond terms
• The Pittsburgh Pirates: 31 days beyond terms
• The New York Mets: 12 days beyond terms
• The Detroit Tigers: 10 days beyond terms
• The Kansas City Royals: 8 days beyond terms
• The Boston Red Soxs: 7 days beyond terms
• The Chicago Cubs: 6 days beyond terms
• The St. Louis Cardinals: 6 days beyond terms
• The San Francisco Giants: 6 days beyond terms
• The Philadelphia Phillies: 4 days beyond terms

Creditsafe's global database is one of the most rapidly expanding in the industry and also one of the most comprehensive. Each day over 200,000 users around the world leverage the company's database to gather strategic, insightful business information. Creditsafe's database is updated over a million times a day with information gathered from thousands of sources. In 99.9% of the cases, reports requested by customers are delivered instantly. Over forty percent of Creditsafe's customers, leverage the company's internationally reporting capabilities.

About Creditsafe:

Creditsafe is the world's most used supplier of company business intelligence with ten Creditsafe Group reports downloaded every second. Privately owned and independently minded, Creditsafe is looking to change the way business information is used by providing high quality data in an easy to use format that everyone in an organization can benefit from.

Founded in Norway in 1997, Creditsafe has offices in countries all over the world including: the UK, Belgium, Germany, France, Sweden, Ireland, Italy, Japan, The Netherlands, Norway and the United States. Globally, The Creditsafe Group employs over 1,000 people and has more than 80,000 subscription customers. Three years ago, The Creditsafe Group opened offices in the US under the name Creditsafe USA, Inc.  Its U.S. operations are headquartered in Allentown, PA with another office in Phoenix, AZ. Nearly 7,000 companies in the U.S. use its credit reports, ranging from small businesses to large, global concerns like Staples, Ryder and Nestle. For more information about Creditsafe, please visit www.creditsafe.com.

For more information about this release, please contact Kathryn Lancioni: [email protected]

SOURCE Creditsafe

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