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| | Credit rating agency - Wikipedia, the free encyclopedia |
 | | A credit rating agency, credit reporting agency (CRA), or credit bureau (US), or credit reference agency (UK) is a company that assigns credit ratings for corporations and individuals. | | | Credit agency ratings -- that is, the subjective information provided such as the FICO score -- are biased in towards the profit of banks and at the expense of the customer. | | | Interest rates are not the same for everyone, but instead are based on risk based pricing, a form of price discrimination based on the different expected costs of different borrowers, as set out in their credit rating. |
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http://en.wikipedia.org/wiki/Credit_rating_agency
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| | Credit-Rating - Ukrainian credit rating agency, Kiev / Company profile |
| | Credit rating is a universal instrument of credit risk assessment. | | | Assignment of credit ratings to issuer debt (bonds, loans) according to national scale. | | | There are two types of credit ratings: issuer credit rating (assigned to enterprises, banks, insurance companies, local authorities) and issue credit ratings (assigned to bonds, loans, etc.). |
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http://www.credit-rating.com.ua/en
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| | Credit rating agency for small scale sector soon- The Economic Times |
| | The concept of a credit rating agency for the SME sector was conceived by Sidbi and Punjab National Bank. | | | The proposed rating agency will be engaged in rating loan proposals and credit worthiness of enterprises in the SME sector applying for loans to public sector banks (PSBs) and Sidbi. | | | In addition, PSBs are required to follow a transparent rating system with cost of credit linked to the credit rating of the enterprise. |
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http://economictimes.indiatimes.com/articleshow/1216166.cms
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| | ICI President Stevens Testifies on Credit Rating Agency Legislation, November 2005 |
| | I commend the Committee for holding this hearing on H.R. 2990, the "Credit Rating Agency Duopoly Relief Act of 2005," which is intended to improve the quality of credit ratings by fostering competition, transparency and accountability in the credit rating industry and to address concerns regarding the current "NRSRO" designation process. | | | In its report on the role of credit rating agencies, submitted pursuant to the Sarbanes-Oxley Act of 2002, the SEC noted that at its hearings on credit rating agencies, representatives of buyside firms, including mutual funds, had stressed the importance of increasing transparency in the ratings process. | | | The rating assigned to securities by a rating agency may influence the valuation determinations of pricing services and ultimately the calculation of the net asset value of mutual funds that hold such securities. |
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http://www.ici.org/issues/mrkt/arc-leg/05_house_nrsro_tmny.html
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| | Institute Delivers Statement to SEC on Credit Rating Agency Issues, November 2002 |
| | Because credit ratings entail the conveyance of a form of investment advice, the Commission staff also requires the rating agencies to register as investment advisers under the Advisers Act. | | | The credit ratings published by rating agencies play a significant role in the investment decisions of both institutional and individual investors. | | | A rating agency is initially designated as an NRSRO by the Commission staff upon a review of its operations, position in the marketplace and other criteria, particularly national recognition of the agency as an issuer of credible and reliable ratings. |
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http://www.ici.org/statements/tmny/02_sec_2a-7_stmt.html
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| | Enron Scandals Spur Proposed Credit Rating Legislation |
| | Under this process, a credit rating agency requests the SEC staff conduct an informal inquiry to determine whether the agency is qualified. | | | Demand for certain agency services is statutorily guaranteed -- no less than dozens of federal, state and foreign government statutes, including securities, banking, higher education finance and housing and community development statutes, mandate creditworthiness ratings by credit rating agencies that qualify as a "nationally recognized statistical rating organization" (NRSRO). | | | For example, Rule 436(g)(1) under the Securities Act of 1933 provides that an NRSRO's credit rating appearing in registration statement is not considered part of the statement for purposes of, among others, Section 11 of the Securities Act, a strict liability provision applicable to experts who participate in preparing a security's registration statement. |
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http://www.law.com/jsp/ihc/PubArticleIHC.jsp?id=1127811912540
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| | Credit Repair Organizations Act |
| | TILA § 103(e) states: "The term 'credit' means the right granted by a creditor to a debtor to defer payment of debt or to incur debt and defer its payment." | | | (B) is material to the establishment of the credit repair organization's liability to the consumer under this title, the end of the 5-year period beginning on the date of the discovery by the consumer of the misrepresentation. | | | You are entitled to receive a free copy of your credit report if you are unemployed and intend to apply for employment in the next 60 days, if you are a recipient of public welfare assistance, or if you have reason to believe that there is inaccurate information in your credit report due to fraud. |
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http://www.ftc.gov/os/statutes/croa/croa.htm
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| | Credit and Finance Risk Analysis - Comparison of Credit Rating Agency Definitions |
| | The credit rating agencies indicate that there is no recourse to them in the event they fail to properly identify or indicate a credit situation or change in the creditworthiness of an entity. | | | The reports and actual credit ratings assigned by these agencies have an affect on how much an entity will pay for debt borrowings and also have an effect on whether certain investors will actually hold the debt of the entity. | | | The rating agencies are also compensated for making their research available to credit granting financial institutions. |
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http://www.credfinrisk.com/ratings.html
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| | Financial Professionals Question Accuracy and Timeliness of Credit Ratings |
| | The 2004 Credit Rating Agency Survey was conducted via e-mail in September 2004 to senior level financial professionals. | | | The important role of credit ratings, along with the lack of competition in the market, is demonstrated in the rising cost of obtaining these ratings. | | | One-in-five financial professionals (19%) indicated in the survey that the cost of obtaining a credit rating has increased at least 25% over the past three years, while 52% indicated that the costs of obtaining a credit rating has increased by at least 11% over the past three years. |
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http://www.afponline.org/pub/pr/pr_20041018_cra.html
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| | AN ACT REQUIRING CONSUMER CREDIT BUREAUS TO OFFER SECURITY FREEZES |
| | A “credit report” is a written or oral report, recommendation, or representation made by a credit rating agency relating to a consumer’s credit worthiness, credit standing, or credit capacity, including information that sought to determine credit eligibility. | | | The bill authorizes a credit agency to decline to implement or remove a credit freeze if it believes, in good faith, that the request was part of a fraud that (1) the consumer participated in or knew about or (2) can be demonstrated by circumstantial evidence. | | | The bill authorizes a third party to deem a credit application incomplete if it requests access to a consumer’s frozen credit report in conjunction with a credit application, or for another purpose, and the consumer has not authorized disclosure to the third party. |
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http://www.cga.ct.gov/2005/ba/2005SB-00650-R000190-BA.htm
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| | Truck and Barter: More Credit Rating Agency Issues |
| | Credit rating agencies might be required to submit to new record-keeping and reporting requirements when the US Securities and Exchange Commission, the US financial regulator, concludes its long-running review of the industry. | | | Appearantly, the mood to examine the credit ratings agencies have spread to this side of the Atlantic, but unlike in Germany the impetus has been ratings users(oops, forgot the link, here it is): Credit rating agencies might be required to submit to new record-keeping and reporting... | | | The move would be the most significant reform of the ratings business in decades and would give the SEC greater authority to examine how the agencies assess companies' creditworthiness, according to people close to the regulator. |
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http://www.truckandbarter.com/mt/archives/000076.html
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| | Comments of Japan Credit Rating Agency, Ltd. on S7-12-03 |
| | For example, a credit rating agency owned by a newspaper company dependent on advertising fee from various corporations could be influenced in assigning ratings to such corporations. | | | Extent and way of disclosure of key basis of, and assumptions underlying rating decisions should be determined by each rating agency. | | | In the case of a rating agency owned by particular industries, such as a bank and a newspaper company, its ownership and management should be strictly separated and secondment of personnel from the parent company should be avoided. |
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http://www.sec.gov/rules/concept/s71203/jcr071403.htm
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| | act20.html |
| | Every credit rating agency shall treat, as confidential, information supplied to it by the client and no credit rating agency shall disclose the same to any other person, except where such disclosure is required or permitted by under or any law for the time being in force. | | | (12) A credit rating agency shall abide by the provisions of the Act, regulations and circulars which may be applicable and relevant to the activities carried on by the credit rating agency. | | | Provided that a credit rating agency existing at the commencement of these regulations, with a net worth of less than rupees five crores, shall be deemed to have satisfied this condition, if it increases its net worth to the said minimum within a period of three years of such commencement. |
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http://www.sebi.gov.in/acts/act20.html
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| | Credit Risk - Rating agencies |
| | US rating agency Standard and Poors (SandP) is launching a series of credit indexes, which it hopes will form the basis for a new range of over-the-counter (OTC) and exchange-based credit derivatives. | | | Taking into account changes in corporate credit quality, key economic indicators (eg, interest rates) and the length of time since an issuer first came to the market, the model predicts the actual number of expected defaults in a given time frame, rather than the default rate itself. | | | Experts also attribute the rising default rate to fallout from the financial crises in Asia and Russia in the past two years, which Brand estimates were responsible for around half of all defaults this year. |
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http://www.financewise.com/public/edit/riskm/credit/cre-rating.htm
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| | Hernando: Agency lowers district's credit rating |
| | The credit rating agency says Hernando doesn't have enough money in its unreserved fund balance, or money set aside to deal with emergencies. | | | BROOKSVILLE - The Hernando County School Board might face higher interest rates and insurance payments in the future because its financial condition has been downgraded by a major credit rating agency. | | | Credit ratings considered "investment grade," or worthy of purchase, range from a high of AAA to a low of BBB-. |
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http://www.sptimes.com/2005/12/17/Hernando/Agency_lowers_distric.shtml
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| | How Sarbox Can Cure the Rating Agencies - Capital Markets - CFO.com |
| | Greater information would enable the public to assess a rating agency's objectivity and would be a way to sustain the integrity of credit ratings, he said. | | | For her part, a Standard and Poor's representative testified that the rating agency opposed the push for legislation and urged the SEC to move forward with a rule on the definition of NRSROs it proposed in April 2005. | | | "Rating agencies should not be permitted to provide both fee-based, advisory services and rating services to the same issuer," Cunningham said, noting that a bifurcation of those services should guarantee that credit ratings are formed solely on a company's creditworthiness and not on any unrelated matters. |
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http://www.cfo.com/article.cfm/5601170?f=home_featured
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| | credit rating agency |
| | ICRA was setup in 1991 as an independent and professional investment information and Credit Rating Agency with an objective to provide information... | | | The reports provide analysis on the trends and issues from both industry and credit rating perspectives. | | | National consumer credit bureau and business credit reporting service. |
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http://www.pray24-7.org/credit-rating-agency.html
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| | CRISIL is India's leading Credit Rating Agency, Financial News, Risk and Policy Advisory company |
| | The Caribbean rating agency is a unique initiative -- it is the world's first regional credit rating agency. | | | CRISIL is the only rating agency to operate on the basis of a sectoral specialisation, which underpins the sharpness of analysis, responsiveness of the process and large-scale dissemination of opinion pieces. | | | With over a 60% share of the Indian Ratings market, CRISIL Ratings is the agency of choice for issuers and investors. |
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http://www.crisil.com/credit-ratings-risk-assessment/credit-ratings-risk-assessment-overview.jsp
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| | BakuTODAY.net - Credit Rating Agency Gives Positive Outlook on Georgia |
| | Standard & Poor's credit analyst Luc Marchand said in a statement issued on by the credit rating agency that the ratings on Georgia are supported by the government's strong political commitment to prudent financial policies and market-oriented structural reforms." | | | Credit rating agency Standard and Poor's has assigned 'B+' long-term and 'B' short-term sovereign credit ratings to Georgia and said on December 6 that the outlook is positive. | | | The agency also said that the ratings are also constrained by the regional conflicts that may endanger the pace of reform or decrease investor interest in the region. |
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http://www.bakutoday.net/view.php?d=15313
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| | CurEvents.com - A Global Current Events Discussion Forum - [ECON] - Credit Rating Agency Accused of Abuse |
| | If, for example, a municipality stops paying a rating fee, the credit company may remove its ratings on previous bonds, which could raise questions in investors' minds and make it harder for the municipality to sell new bonds. | | | The credit companies rate their debt as well, but charge much less, typically in the thousands or tens of thousands, depending on the size of the bond offering. | | | The company said a rating costs between $50,000 and $300,000 for corporate borrowers. |
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http://www.curevents.com/vb/showthread.php?t=236
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| | Caribbean credit rating agency should lead to greater transparency - JAMAICAOBSERVER.COM |
| | This Raman sees as precisely the reason there is a need for a credible information and credit rating agency that can capably assess the viability and credit worthiness of institutions. | | | He added that by using the new rating agency it signalled to the market that that particular institution was more committed to higher levels of transparency and prudent financial management. | | | The Caribbean Information & Credit Rating Services Limited (CariCRIS) was officially launched in Jamaica this week with the aim of evaluating both the credit worthiness and transparency measures of both sovereigns and corporate entities in the Caribbean. |
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http://www.jamaicaobserver.com/magazines/Business/html/20051013T230000-0500_90349_OBS_CARIBBEAN_CREDIT_RATING_AGENCY_SHOULD_LEAD_TO_GREATER_TRANSPARENCY.asp
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| | AN ACT REQUIRING CONSUMER CREDIT BUREAUS TO OFFER SECURITY FREEZES. |
| | Such credit rating agency shall place a security freeze on a consumer's credit report not later than five business days after receipt of such request. | | | (5) "Security freeze" means a notice placed in a consumer's credit report, at the request of the consumer, that prohibits the credit rating agency from releasing the consumer's credit report or any information from it without the express authorization of the consumer. | | | Any credit rating agency that receives a request from a consumer pursuant to this section shall lift such security freeze not later than three business days after receipt of such request. |
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http://www.cga.ct.gov/2005/act/Pa/2005PA-00148-R00SB-00650-PA.htm
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| | State credit rating gets downgraded by Moody's / Agency criticizes governor's lowering of vehicle license fee |
| | Still, the state treasurer's office said the downgrade was not likely to raise California's borrowing costs, because another major credit rating agency already has a lower grade on the state. | | | Sacramento -- A major Wall Street credit rating agency downgraded California's debt rating on Tuesday to its lowest level in history, citing Gov. Arnold Schwarzenegger's rollback of the vehicle license fee as a primary cause of its increasing pessimism about the state's finances. | | | California already had the lowest credit rating of any state in the nation. |
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http://sfgate.com/cgi-bin/article.cgi?file=/c/a/2003/12/10/MNGK03K1VB1.DTL&type=printable
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| | Commission to Hold Credit Rating Agency Hearings |
| | Broad topic areas are expected to include: (1) the current role and function of credit rating agencies; (2) information flow in the credit rating process; (3) concerns regarding credit rating agencies (e.g. | | | The Commission expects the hearings to provide valuable information as it conducts the study required by the Sarbanes-Oxley Act of 2002, and otherwise completes its assessment of the regulatory framework applicable to credit rating agencies. | | | Panel participants will represent a wide range of views, including those of rating agencies, investment firms, issuers, regulators, and the academic community. |
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http://www.sec.gov/news/press/2002-157.htm
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| | CREDIT RATING AGENCY (S&P) UNIMPRESSED WITH RP TAX REFORMS |
| | Credit ratings agency Standard and Poors said yesterday it remains disappointed at the slow pace of fiscal reforms in the Philippines, suggesting it is unlikely to reverse a ratings downgrade made in January. | | | The agency last month lowered its credit ratings on the Philippines by one notch, citing concerns over a chronic budget deficit and delays in the government getting legislation to raise tax revenues through Congress. | | | This developed as an all-party caucus was held yesterday where it was agreed that the House would not budge on its proposal to increase VAT from 10 to 12 percent and lift exemptions on six sectors. |
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http://www.newsflash.org/2004/02/hl/hl101837.htm
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| | National Credit Rating Agency - News |
| | National Credit Rating Agency is a recently-established credit rating agency based in Sofia, Bulgaria. | | | NCRA will provide credit rating and research services for a variety of issuers, including banks, local authorities, industrial companies, and utilities. | | | Petr Vins, President of CRA Rating Agency, will become the General Manager for the soon to be renamed Moody’s Central Europe. |
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http://www.ncrarating.com/?magic=3.0.0.2
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| | Asian Economic News: H.K. welcomes rating upgrade by Japan Credit Rating Agency |
| | The Japan Credit Rating Agency, one of two major credit rating agencies in Japan, added Hong Kong's financial sector had been well-regulated compared with other Asian economies, which were hit hard by the financial turmoil. | | | The Hong Kong government welcomed Monday the Japan Credit Rating Agency's (JCRA) upgrade of the territory's foreign currency rating to AA from AA minus. | | | The Japanese agency announced Monday the rating change was based on Hong Kong's recovery from economic recession, extensive external reserves and a solid fiscal position that was not impaired by the regional financial crisis. |
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http://www.findarticles.com/p/articles/mi_m0WDP/is_2000_Nov_13/ai_67379252
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| | Onicra Credit Rating |
| | is recognised as the pioneers of the concept of individual Credit rating in India. | | | We have an in-house developed credit rating module which is customized to suit various customer requirements. | | | After being the first to introduce the concept, Onicra has been continuously conducting in-depth research into all aspects of the behaviour of credit seekers and has developed a comprehensive rating system for various types of credit extensions. |
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http://www.onicra.com
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