Creditsafe Inc. recently launched a one-of-a-kind database in Mexico that will allow users to get credit reports on more than 75 percent, or 1.5 million, businesses in Mexico.
The database will allow investors to look at the credit score and financial health of businesses, and foreign investors will no longer be kept in the dark about potential investments.
“Creditsafe’s Mexican database provides the most comprehensive, insightful means of evaluating the stability of businesses across Mexico,” Creditsafe CEO of the Americas and Asia-Pacific Matthew Debbage said. “Our ability to look at the negative data associated with almost any company in any industry is unprecedented. It provides the most complete picture of a company’s financial stability in the marketplace. This is an invaluable tool for any company looking to do business in Mexico.”
Creditsafe said its Mexican database will be available to Creditsafe customers around the world.
United States investors represent a large portion of foreign investors, according to a report by the Office of U.S. Trade Representatives. U.S. investors have put more than $101 billion in investments in 2012, which is the date of latest available data. The investment of 2012 is an 11 percent increase from 2011. Mexico and the U.S. are frequent trading partners, as 14.3 percent, or $226 billion, of U.S. exports went to Mexico in 2013; imports accounted for $280 billion.
“Insightful business information about such an enormous trading partner is absolutely critical to companies in the U.S. and around the world looking to do business in Mexico,” Debbage said.
