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Improving Your Credit Rating
What is a superior credit rating?
Asked in Personal Finance, Credit Reports, Improving Your Credit Rating, Money Management, Credit, The Difference Between
What is the difference between credit score and credit rating?
Can your credit rating or score improve without using your credit card?
Asked in Personal Finance, Credit and Debit Cards, Credit Reports, Improving Your Credit Rating, Money Management, Credit
When bad credit expires does the credit rating go up?
How can you improve your car credit rating?
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What is the key purpose of credit rating agencies?
Asked in Acronyms & Abbreviations
What is the full form of ONICRA which is a credit rating agency?
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Details about credit rating?
A credit rating evaluates the credit worthiness of an issuer of specific types of debt, specifically, debt issued by a business enterprise such as a corporation or a government. It is an evaluation made by credit rating agency of the debt issuers likelihood of default Credit ratings are determined by credit ratings agencies. The credit rating represents the credit rating agency's evaluation of qualitative and quantitative information for a company or government; including non-public information obtained by the credit rating agencies analysts. Credit ratings are not based on mathematical formulas. Instead, credit rating agencies use their judgment and experience in determining what public and private information should be considered in giving a rating to a particular company or government. The credit rating is used by individuals and entities that purchase the bonds issued by companies and governments to determine the likelihood that the government will pay its bond obligations.