Introduction
Credit rating is the assessment of the creditworthiness of debt instruments based on credit rating agencies’ assumptions, analytical models, and expectations. It reflects the agency’s subjective judgment of the issuer’s management and business. In that respect and given that modern business and finance world is subject to numerous risk factors, rating agencies are becoming crucial players in the capital and financial markets. That owes to their ability to analyze the bulk and complex information necessary to provide a judgment on instruments or business risk. In that view, this discussion seeks to demonstrate that rating agencies can help Continue reading...