credit rating

Major credit rating agencies give out the sovereign credit rating of each nation as an absolute grade. How other nations fare does not matter in a particular nation’s rating score. This is very different from a comparative rating. An example of comparative rating is the percentile score—the way GRE results are at times given. If a student is described as belonging to the 99th percentile, it clearly says something about this student’s performance vis-à-vis other st.. Full Article

On 20th December, 2011, Moody's Investor Services released a credit rating update for India. It upgraded the rating on long-term government bonds denominated in domestic currency from Bal to Baa3 (from speculative to investment grade). The long-term country ceiling on the foreign currency bank deposits was also upgraded from Bal to Baa3 (from speculative to investment grade). Apart from this, Moody's had upgraded the short-term government bonds denominated in domestic cu.. Full Article

We advise that apart from Credit Information Bureau of India Ltd., (existing credit information company in operation since January 2001), the Reserve Bank of India has issued certificate of registration to Experian Credit Information Company of India Pvt. Ltd. and Equifax Credit Information Services Pvt. Ltd. on February 17, 2010 and March 26, 2010 respectively to commence the business of credit information. The addresses and other details of the companies are given belo.. Full Article

In a major fillip to the success of infrastructure bonds, the government has decided to exempt them from getting the credit ratings -- which are mandatory for all the other kinds of bond issuances. Full Article

A credit rating estimates the credit worthiness of an individual, corporation, or even a country. It is an evaluation made by credit bureaus of a borrower’s overall credit history. A credit rating is also known as an evaluation of a potential borrower's ability to repay debt, prepared by a credit bureau at the request of the lender. Credit ratings are calculated from financial history and current assets & liabilities. A credit rating tells a lender or investor the pro.. Full Article

Credit rating is not a necessary requirement for any Micro and Small Enterprise (MSE) to get loan from Banks and Financial Institutions at economical rates. However, credit rating serves as a trusted third party opinion on the creditworthiness of the MSEs and a good rating helps the MSEs in obtaining faster and concessional credit from banks. Full Article

The Credit Information Bureau India Ltd and TransUnion on Thursday launched a ‘personal loan score’ to enable lenders to make informed decisions, in the backdrop of rising defaults on unsecured equated monthly installment loans.Two other products, a home loan repository and a fraud repository, are expected to be launched by the second quarter of the [...] Full Article

The Reserve Bank of India has asked small non banking financial companies (NBFCs) to curtail their public deposits. In a notification put out on Monday, the RBI has tightened the rules governing access to such public deposits. It said that NBFCs with a net owned fund (NoF) of between Rs 25 lakh and Rs 2 crore, must limit their public deposits to the level of their net owned funds as against the current ceiling of 1.5 times the net owned funds. Full Article