Credit rating is a score that some specialized credit rating agencies allot to a borrower regarding the trustworthiness and reliability when the time comes to repay the amount borrowed. In finance, the term credit rating is vastly used in corporate bonds trading. Every company issuing corporate bonds is given a credit rating such as AAA, AAB, ABB, BBB, BBC, etc, based on the company’s historical behavior of repaying the borrowed amount.
The company has a history of delaying or not repaying the borrowed amount has a high credit default risk and thus as a poor credit rating. Whereas, a company, with a good history of loan repayment, is given a good credit rating by credit rating agencies. Two most famous credit rating agencies are Standards & Poors and Moody’s.
Nino Moscardi, president of Greater Providence Deposit & Trust (GPD
Choose the best answer. 1. Which of the following
The national credit rating agency downgraded the credit rating of Grand Limited
ABC Company and XYZ Company need to raise funds to pay for
MA Hydro (MH) is a private company that owns and
ABC Company and XYZ Company need to raise funds to pay for
Fallen Company commonly issues long-term notes payable to its various
PriceRight Electronics (PEI) is a small wholesale discount supplier of
On September 1, 2014, Myo Inc. sold goods to
On January 1, 2014, Lesley Benjamin signed an agreement to
