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2009 Preview Edition

2008 Q 4 Monitor

   

FOR IMMEDIATE RELEASE


International Credit Agencies Encouraged by Obama Administration

Based on Whitehall survey of entities located worldwide

May 13, 2009 -- A vast majority of international credit reporting and credit insurance agencies from around the globe, surveyed by Whitehall Consultants, indicate they were pleased with the results of the U.S. president elections last fall.  The remainder of respondents indicated they held no opinion either way.  

"Fully 80 percent of respondents - from all over the globe -- Asia, North and South America, Africa, Europe, and Oceana -- indicated their countries are generally pleased that Barack Obama was elected president last fall," Maura Satchell, CEO of the global trade consulting business said.  "For the most part, these responses were enthusiastic and respondents shared the belief the change was greatly needed."

The survey, conducted during April, queried business and personal credit reporting agencies and international credit insurers operating in more than 200 countries or major markets around the globe.  Most respondents noted that their economies are starting to show signs of improvement following the global recession that started as a sub-prime mortgage crisis in the U.S. in 2007.

"We received responses from companies in Asia, Europe, Africa, North and South America, and while this survey is not scientific, it does provide a good informal indicator at this time, said Maura Satchell, CEO of Whitehall Consultants. Respondents also weighed in on the economic climates of their regions. 

"About 50 percent of respondents indicated they see signs of economic improvement.  Latin American respondents did not see any change, but that is to be expected, since their economies have not been impacted as keenly by this economic recession," Satchell said. "European respondents, generally speaking, were the most pessimistic and noted they see conditions declining further, without improvement for several months. 

Founded in 1996 to serve the international trade finance and credit community, Whitehall offers international business and individual credit reports, country risk and market sector studies, marketing lists, and debt collection services. Part of a network of trusted business information, credit and collections professionals based in more than 200 markets around the globe, Whitehall provides its services to U.S. exporters, global traders, international financial institutions, and government entities throughout the world. 

 


For More Information Contact:

Whitehall Consultants
Smyrna, Tenn
Tel: 615-223-1125
FAX: 615-223-1436
Internet: info@whitehallusa.com


 

Whitehall Consultants Ltd.

PO Box 1715 ~ Smyrna, TN 37167 ~ USA

Tel: (615) 223-1125 ~ E-mail: info@whitehallusa.com