CCC

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Related to CCCS: CCCSS, CCSS, CCSU

CCC

1. A credit rating used by the S&P and Fitch credit agencies for long-term bonds and some other investments. It is equivalent to the CAA rating used by Moody's. A CCC rating represents an extremely high risk bond or investment; banks are not allowed to invest in CCC rated bonds. CCC bonds are junk bonds.

2. Cash conversion cycle. The time between an expenditure of money to make a product and the collection of accounts receivable from the sale of that product. Obviously, a shorter cash conversion cycle is preferable. A longer cash conversion cycle may indicate a current or potential problem with cash flow.

CCC

A very speculative grade assigned to a debt obligation by a rating agency. Such a rating indicates default or considerable doubt that interest will be paid or principal repaid. Also called Caa.
References in periodicals archive ?
CCCS this week also released figures showing that the number of people struggling to keep up a debt management plan (DMP) fell by 2.
CCCS has experienced consistent, significant, demand-driven growth, leading the school to expand its academic offering to grades K-8 on two campuses.
Although the situation has improved for young homeowners, those who rent their homes are facing more difficulties, the CCCS said, with more than 10,000 requests for help with rent arrears last year, a 27 per cent rise on 2010.
CCCS data also shows that 41% of people receiving a debt counselling session from the charity in Yorkshire have no money left after covering their basic living expenses each month.
Lord Stevenson, chairman of CCCS, says: "Households are struggling right across the UK, but northern regions are in a far more perilous position than elsewhere.
The advice comes after CCCS revealed several hundred people over the age of 55 in Coventry and Warwickshire sought free debt advice in 2010, owing an average of pounds 24,372 in unsecured debt.
By design and philosophy, CCCS does not compete with other group purchasing organizations or consortiums, but rather attempts to integrate potential supplier solutions to meet the needs of its member organizations and their campuses.
Contact CCCS on Freephone 0800 138 1111 or Typetalk 0800 294 0090 to speak to a professional counsellor.
The CCCS said it recommends bankruptcy as the best option for 15% of its clients.
The CCCS said it advises bankruptcy as the best option for 15% of its clients.
CCCS said people who had recently bought a property may have overstretched themselves with all the associated costs of moving and setting up home, leaving those earning pounds 1,500 a month or less particularly vulnerable to a change in circumstances, such as losing their job.
com, accredited CCCS counselors will expand their counseling services to provide clients direct insight into their FICO [R] scores and overall credit health.