"Surety providers are important stakeholders for companies who are asked to provide bonds and guarantees for their clientele. Essentially, Sureties provide a line of credit to the company, instead of the company having to lay down its own cash.
Thus, it is important for companies to ensure that they are credit worthy or ensure they become credit worthy. Surety relationships are built over time and as Surety providers gain confidence with a company’s track record, management and their credit profile, they will become an important alternative to their banking relationships which can then be utilised solely for their loan requirements."
Reetaben Ramanlal Ambaram, Zurich Insurance