What is function of credit rating agency?
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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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 an…d other credit grantors), who pay fees to both report to, and pull credit from, the CRA's. By law, CRA's can also currently charge a nominal fee to consumers for copies of their credit file. The FCRA was amended last year to allow consumers one free credit report per year. But, the bureaus received relief from this provision. Free credit reports will be "rolled out" by sections starting with the western US as of Dec 1, 2004. www.annualcreditreport.com March 1, 2005 for the Midwest US June 1, 2005 for the Southern US September 1, 2005 for the Eastern US and Territorities
So far as i have researched FITCH is not an acronym, instead its a name of the firm itself. I was also confused about this, but now 'm almost clear. more abt the Co. is ......… . Fitch Ratings, Ltd. Fitch Ratings is an international credit rating agencyNew York City and London. It was one of the three Nationally Recognized Statistical Rating Organizations (NRSRO) designated by the U.S. Securities and Exchange Commission in 1975, together with Moody's and Standard & Poor's. The Fitch group includes also Fitch Solutions.. .... any more information is welcomed. --Peeyush Dubey
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:/…/www.answers.com/topic/debt obligations as well as the debt instruments themselves. In some cases, the servicers of the underlying http://www.answers.com/topic/debt are also given ratings. In most cases, the issuers of http://www.answers.com/topic/security-finance are companies, http://www.answers.com/topic/special-purpose-entity , state and local governments, http://www.answers.com/topic/nonprofit , or national governments issuing debt-like securities (i.e., http://www.answers.com/topic/bond-wordnet) that can be traded on a http://www.answers.com/topic/secondary-market . A credit rating for an issuer takes into consideration the issuer's http://www.answers.com/topic/credit-risk (i.e., its ability to pay back a http://www.answers.com/topic/loan) , and affects the http://www.answers.com/topic/interest-rate-1 applied to the particular security being issued. (In contrast to CRAs, a company that issues http://www.answers.com/topic/credit-score-1 for individual credit-worthiness is generally called a http://www.answers.com/topic/credit-bureau or http://www.answers.com/topic/credit-bureau.)
Credit Analysis and Research
A credit rating agency assigns credit ratings to certain types of debt obligations and debt instruments.
Security and Exchange Board of India is regulating credit rating agency in INDIA
according to SEBI(INDIA) credit rating agency cannot rate fixed deposits, real estates, etc.
I have no clue im just 10 cut me some slack
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 …these files
Standard & Poor's
there are 7 credit rating agencies in INDIA
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…er to determine a borrower's credit worthiness.
Experian, Equifax, TransUnion
Which among these is a credit rating ?
The key purpose of credit rating agencies is to assign a rating to businesses and entities that issue certain types of debt. These rating help to determine the credit worthine…ss of these establishments.
DBRS is a credit rating agency with locations in Calgary. DBRS specializes in the gas and oil industry. Various other credit rating agencies exist in Canada and in the Unite…d States.