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Credit Standards

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Credit Standards
The guidelines a company follows to determine whether a credit applicant is creditworthy.

Credit Standards
The set of standards that a company or bank uses to determine whether to extend a loan or line of credit to an applicant. Credit standards may include having a certain FICO score, recent good credit history, and a certain income.


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PBB's asset quality ratios continue to be sound reflecting its stringent credit standards.
Tightened credit standards and deteriorating fundamentals affected all districts in July's Federal Reserve Beige Book.
The results of the July 2009 bank lending survey show that in the second quarter of 2009 the net percentage of banks reporting a tightening of credit standards applied to loans and credit lines to enterprises broadly halved, to 21 per cent, compared with 43 per cent in the first quarter of 2009 and down from the high level seen in the third and fourth quarters of 2008.
 
 
 
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