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Ratings, Rating Agencies and rating concept which have been establish features of the developed economic are now common in other emerging market economics.
INTRODUCATION
An assessment of the credit worthiness of a borrower in general terms or with respect to a particular debt or financial obligation. A credit rating can be assigned to any entity that seeks to borrow money an individual, corporation, state or provincial authority,
or sovereign government
MEANING
Credit rating is essentially a symbolic indicator of the relative grading of the investment/credit qualities of financial instruments and reflects the relative ability of the issuers of such instruments to meet the servicing
RATING SERVICES
Rating services is 150 -year-old industry in the US. There are 3 Credit rating agencies in the US. Moodys S&p Fitch
RATING SERVICES
In India, Credit rating is currently a 20-yearold industry. We have 4 leading rating agencies CRISIL Investment Information
FEATURES
Expression of opinion credit Risk Symbols Instrument specific Difference in the rating
Investment recommendation
Rating may be revised