Advertisements
Advertisements
Question
What is Credit Rating Agency?
Short Answer
Advertisements
Solution
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.
shaalaa.com
Is there an error in this question or solution?
