Creditworthiness


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Creditworthiness

Eligibility of an individual or firm to borrow money.

Creditworthiness

The ability to borrow money. The better one's creditworthiness, the more likely it is that a bank or other financial institution will extend credit. One establishes creditworthiness by repaying loans and other bills on time, spending prudently, and generally showing that one can behave in a financially responsible way. Individual creditworthiness is measured by the FICO score while a company's or other organization's creditworthiness usually is measured by its credit rating.

creditworthiness

see CREDIT CONTROL.
References in periodicals archive ?
The C40 Creditworthiness Academy and Network will allow cities to access the capital needed to finance infrastructure projects to reduce both carbon emissions and climate risk.
Unless the banking union delivers greater integration than currently appears achievable, the creditworthiness of banks will likely remain dependent on their home sovereigns' creditworthiness.
leaders on a 'banking union' will continue to undermine sovereign creditworthiness within the euro area and of stressed countries in particular.
This is because Moody's two key rationales for assigning a Aaa to the EU remain in place, namely : 1) the EU's conservative budget management, and 2) the creditworthiness and support provided by its 27 member states.
The country's creditworthiness ranking improved from the previous survey conducted six months ago, as its global ranking progressed by seven notches and its regional ranking went up by one spot.
The commission found that authorities halved their investments in Icelandic banks during the course of 2008 in the face of a series of warnings about their creditworthiness.
The United States filed a complaint alleging that federal inmates knowingly filed financial papers in which they falsely identified themselves as secure parties, intending to harm the creditworthiness and reputations of federal judges and prison officials.
Lenders have traditionally had a problem assessing the creditworthiness of consumers with little or no credit history--particularly young adults, recent immigrants and low-income individuals.
The study controlled for factors such as term of loan, type of vehicle, creditworthiness of borrower and geographic area.
FERC is proposing new creditworthiness standards that pipelines would have to use to screen out shippers with shaky finances.
credit-rating agency said the new share offering could have a positive impact on Itochu's creditworthiness if implemented as planned.
The consumer information subject to the rule must bear on a consumer's creditworthiness, credit standing, credit capacity, character, general reputation, personal characteristics, or mode of living.