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 settlor may establish the frequency with which the creditworthiness of the beneficiary be assessed.
The C40 Creditworthiness Academy and Network is an important part of sharing knowledge on how to finance local carbon infrastructure to keep up with the rapid pace of urbanisation in developing countries.
Specifically, Lebanon saw the second highest increase in its global creditworthiness ranking, following Syria (up 15 notches).
Traditionally, an assessment of creditworthiness allowed for several risks.
The investment in creditworthiness model lets us understand an additional self-reinforcing pattern in credit markets.
Conversely, you can elect to assume no risk, expecting the finance company to independently decide the vendor's customers' creditworthiness.
Our consultative approach to lending and strong commitment to local communities is key to Churchill Mortgage's business, and that commitment means continuously refining the way we determine borrowers' creditworthiness," said Mike Hardwick, president of Churchill Mortgage.
The Bank s City Creditworthiness Initiative aims to address this challenge by helping cities improve financial management and creditworthiness through a range of activities spanning several years from training workshops to follow-up support for action planning, technical assistance for adaptation or mitigation projects, and fund raising.
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 rating mirrors the creditworthiness of the group, R&I said.
Major banks are increasingly moving to adjust their corporate lending rates to levels commensurate with the degree of borrowers' creditworthiness, banking officials said Thursday.
In addition, some factors will investigate the creditworthiness of a company before entering into a contract.