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What is function of credit rating agency?

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Credit Rating Agencies rate the credit-worthiness of securities instruments. The reason for doing so is for investors to gain confidence that what they are buying is what they think it is. The big players in the industry (pension/insurance funds) have mandates which prevents them from investing in securities below a certain rating. You could say that they act as a means of protecting society from excessive speculation using 'social' funds (pension/insurance) by fund managers who are out to speculate short term by taking excessive risk. Duncan of Canary Wharf
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How do credit rating agencies get paid?

There is no such entity as a credit rating agency. Credit reporting agencies, as defined by the Fair Credit Reporting Act, as paid by their participants,(merchants, lenders a

Will paying a collection agency improve your overall credit rating?

Answer   Yes, because by doing that you are converting a Negative on your credit history to a Positive action. Those who look at a credit report are looking to see if you

What are credit rating agencies?

  A credit rating agency (CRA) is a company that assigns http://www.answers.com/topic/credit-rating for http://www.answers.com/topic/issuer-2 of certain types of http://ww

What is the function of credit reporting agencies?

Credit reporting agencies keep files of information on all consumers who have made credit transactions at some point in their lives. Credit granting institutions may purchase

What are the agencies that provide Credit Ratings?

Though each bank may have an internal rating system for large organizations and sovereign parties (Countries), the 3 most important or widely accepted rating agencies are: .

What is the use of credit rating agency?

The Credit Rating Agency is a hub that gathers data from creditors and puts the data together into a single individual consumer credit report. Lenders use there reports in ord