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प्रश्न
What is Credit Rating Agency?
लघु उत्तरीय
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उत्तर
A credit rating agency is an autonomous professional organisation that assesses the creditworthiness of individuals or companies. It conducts thorough research on businesses and the securities they issue to evaluate their ability to repay debts. The ratings assigned by such agencies are significant because they influence the perceived risk attached to loans, ultimately affecting the interest rates charged.
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