소개글
[재무분석]신용평가기관 분석(영문)에 대한 자료입니다.
목차
1. Introduction
2. Credit rating agency
3. Credit rating
4. Problem
5. The recent actions
본문내용
Credit Rating Agency
A credit rating agency (CRA) is a company that
assigns credit ratings for
-issuers of certain types of debt obligations
-the debt instruments themselves
-even a country.
Three major global credit rating agencies
- Standard & Poor’s (S&P)
- Fitch IBCA
- Moody’s
credit rating
*Moody’s
21 levels (Aaa~C), If the level is lower than Ba1, it is classified as unqualified investment.
*Fitch IBCA
21 levels (AAA ~D), If the level is lower than Ba, it is classified as unqualified investment.
*Standard & Poor’s (S&P)
24 levels (AAA~D),If the level is lower than BB+, it is classified as unqualified investment.
Credit rating
- Estimation of the credit worthiness of an individual, corporation, or even a country
- An evaluation of a potential borrower's ability to repay debt
Sovereign Credit Rating
-In a narrow sense, Sovereign Credit Rating means the credit rating of government of bonds are issued by government.
In a board sense, the potential possibility of
one nation’s growth is reflected in sovereign Credit Rating.