Credit Rating Agency

(redirected from Credit agency)
Also found in: Dictionary, Wikipedia.
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 ?
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.
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.
In the London case, we were ruled out because the credit agency reported we had made an operating loss but did not mention this was only because of a (non-cash) goodwill write-off.
Choose a credit agency that's been approved by the Federal Government.
The Export-Import Bank of Korea, Nippon Export and Investment Insurance and Italian export credit agency SACE are providing covered financing, while Japan Bank for International Cooperation is providing direct lending.
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.
The 12-year financing is guaranteed by Vietnam s Ministry of Finance and insured by the German Export Credit Agency of Euler Hermes Kreditversicherungs AG (Hermes) and Japanese Export Credit Agency Nippon Export and Investment Insurance (NEXl).
The Bulgarian Credit Agency further notes that the municipality's credit worthiness is good in short-term and long-term perspective and it enjoys high level of trust from creditors.
The financing package is diverse and includes local, regional, international, Islamic and export credit agency debt.

Full browser ?