Credit Rating Agency

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Related to Credit agency: Credit rating agency, Export credit agency

Credit Rating Agency

A company that provides investors with assessments of an investment's risk. The issuers of investments, especially debt securities, pay credit rating agencies to provide them with ratings. A high rating indicates low risk and may therefore encourage investors to buy a security. Additionally, banks may only invest in securities with a high rating from two or more credit rating agencies. The SEC recognizes 10 firms as credit rating agencies; Fitch, S&P, and Moody's are the three most prominent. However, the methods of credit ratings agencies have been subject to criticism. For example, most agencies gave high-risk mortgage-backed securities top ratings until they defaulted at the collapse of the housing bubble.
References in periodicals archive ?
Reportedly, EKN, the Swedish Export Credit Agency (ECA), has granted the guarantee of maximum EUR33.
The administrative-economic court in Baku could declare Executive Credit Agency, a non-credit banking organisation (NBCO), bankrupt.
We also know something about winning awards ourselves, being voted Best Export Credit Agency last year by readers of Global Trade Review.
Dubai -- Emirates, the Dubai-based airline, has hired eight banks to arrange an Islamic bond that will be guaranteed by Britain's export credit agency, a document from lead arrangers showed on Thursday.
Other credit agency Fitch said that it was keeping its AA+ credit rating for the UK and also gave it a "stable" outlook, citing the country's accelerating economic recovery.
Credit agency 'Fitch,' which affirmed the stable BB+ rating, said that the fiscal relaxation is worrying in the country as it could endanger the stability of the public finances.
Thus, the authority to declare any institution as an approved credit agency under all three laws is with the Director General of Commerce (DGC), though the process varies from law to law.
In the former case, the report from the credit agency used (which we have now obtained) under-stated our turnover by confusing it with gross profit - a basic error because the regulations specify turnover as a measure of capacity to fulfil a contract.
Credit agency Standard & Poor's downgraded its rating amid fears it will struggle to cut huge debts.
French export credit agency Coface upgraded Macedonia's business environment assessment from 'C' to 'B' in its last three-month report.
General Motors Corporation (NYSE: GM), a United States-based automaker, has announced that it is prepared to pay off USD1bn debt to a Korean revolving credit agency.
Aircraft leasing company AerCap Holdings NV (NYSE:AER) on Friday announced that it has closed two transactions for the financing of a total of six Airbus aircraft with the European Export Credit Agencies, led by the Exports Credits Guarantee Department (ECGD), the UKa[euro](tm)s Export Credit Agency.

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