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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. Credit ratings are calculated from financial history and current assets and liabilities. Typically, a credit rating tells a lender or investor the probability of the subject being able to pay back a loan. However, in recent years, credit ratings have also been used to adjust insurance premiums, determine employment eligibility, and establish the amount of a utility or leasing deposit.

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Wikipedia About Credit Rating

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. Credit ratings are calculated from financial history and current assets and liabilities. Typically, a credit rating tells a lender or investor the probability of the subject being able to pay back a loan. However, in recent years, credit ratings have also been used to adjust insurance premiums, determine employment eligibility, and establish the amount of a utility or leasing deposit.

A poor credit rating indicates a high risk of defaulting on a loan, and thus leads to high interest rates, or the refusal of a loan by the creditor.

Personal credit ratings

An individual's credit score, along with his or her credit report, affects his or her ability to borrow money through financial institutions such as banks.

The factors which may influence a person's credit rating are:

  • ability to pay a loan
  • interest
  • amount of credit used
  • saving patterns
  • spending patterns
  • debt

In different parts of the world different personal credit rating systems exist.

North America

In the United States, an individual's credit history is compiled and maintained by companies called credit bureaus. Credit worthiness is usually determined through a statistical analysis of the available credit data.

  • A common form of this analysis is a 3-digit credit score provided by independent financial service companies such as the FICO credit score.
  • The term FICO is a registered trademark, comes from Fair Isaac Corporation, which pioneered the credit rating concept in the late 1950s.

In Canada, the most common ratings are the North American Standard Account Ratings, also known as the "R" ratings, which have a range between R0 and R9. R0 refers to a new account; R1 refers to on-time payments; R9 refers to bad debt. Very few people maintain the R0 status for long, as there are similar mechanisms in place in Canada that would allow for monthly updates of one's credit rating.

Corporate credit ratings

Sovereign credit ratings

A sovereign credit rating is the credit rating of a sovereign entity, i.e. a country. The sovereign credit rating indicates the risk level of the investing environment of a country and is used by investors looking to invest abroad. It takes political risk into account.

Short term rating

A short term rating is a probability factor of an individual going into default within a year. This is in contrast to long-term rating which is evaluated over a long timeframe.

Credit rating agencies

main: Credit rating agency

Credit scores for individuals are assigned by credit bureaus (US; UK: credit reference agencies). Credit ratings for corporations and sovereign debt are assigned by credit rating agencies.

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News about Credit Rating

Greenback falls on credit rating fears; Kiwi gains

Scoop.co.nzMay 13 – The U.S. dollar fell after a New York-based think-tank flagged the prospect of the world’s largest economy losing its top credit rating, raising concern such a move could undermine the world’s reserve currency.http://www.scoop.co.nz/stories/BU0905/S00343.htm

US credit rating at risk: Former agency chief

The Economic TimesUS credit rating at risk: Former agency chiefUS credit rating at risk: Former agency chiefhttp://economictimes.indiatimes.com/US-credit-rating-at-risk...

(AFX UK Focus) 2009-05-13 03:03 U.S. credit rating at risk - former agency chief

Interactive InvestorSINGAPORE, May 13 (Reuters) - The United States is at risk of losing its triple-A credit rating unless it starts putting its finances in order, a former head of the agency in charge of fiscal accountability said in the Financial Times on Wednesday. David Walker, former director of the Government Accountability Office, cited a warning from Moody's Investors Service nearly two years ago about ...http://www.iii.co.uk/news/?type=afxnews&articleid=7317416&su...

U.S. credit rating at risk as deficit soars: FT

Scoop.co.nzMay 13 – America is at risk of losing its AAA credit rating for the first time since 1917, the Financial Times reported, citing the New York-based Peter G. Peterson Foundation.http://www.scoop.co.nz/stories/BU0905/S00338.htm

NAB's Clydesdale loses AA-credit rating

Business DayUK-based Clydesdale Bank loses its AA rating on fears the economic crisis will lead to bigger than expected lending losses.http://www.businessday.com.au/business/nabs-clydesdale-loses...

News about Credit Rating

Military aids local economy

Fayetteville ObserverMoody’s raised Cumberland County’s credit rating this week because the agency predicts local tax collections will remain steady, thanks to the area’s military presence. The higher rating could save taxpayers as much as $1.5 million when the ... http://www.fayobserver.com/article?id=320865

Emerging debt-Asian debt spreads widen on economic woes

Reuters IndiaIt tightened by 20 on Wednesday after the government unveiled a bigger-than-expected 60 billion ringgit ($16.3 billion) stimulus package and Moody's played down a threat to the country's credit rating from a bigger budget deficit. [ID:nSIN114527] ... http://in.reuters.com/article/domesticNews/idINHKG6760620090...

Aiful rating cut to lowest investment grade

Financial TimesAiful , one of Japan’s largest consumer finance groups, suffered a further blow on Thursday as Moody’s downgraded its credit rating to the lowest investment grade and put it on review for further downgrade. Moody’s decision to cut Aiful’s ... http://www.ft.com/cms/s/0/fa415342-0990-11de-add8-0000779fd2...

France doing everything to keep AAA rating-Lagarde

ForbesPARIS, March 4 (Reuters) - France is doing everything to keep its AAA credit rating, Economy Minister Christine Lagarde said on Wednesday. 'We are doing everything necessary and possible to maintain France's signature, to maintain the triple A rating ... http://www.forbes.com/afxnewslimited/feeds/afx/2009/03/04/af...

Banks’ Bondholders May Be Next to Share Bailout Pain (Update3)

BloombergStandard & Poor’s, which cut Bank of America’s credit rating this month to A from A+, expects the Charlotte, North Carolina-based company to break even this year because it’s hobbled by losses on credit cards and home loans. If it posts a loss ... http://www.bloomberg.com/apps/news?pid=20601009&sid=aKqHkkFl...

Search results for Credit Rating

Credit Rating

Credit Rating - Definition of Credit Rating on Investopedia - An assessment of the credit worthiness of individuals and corporations. It is based upon the history of borrowing and ... http://www.investopedia.com/terms/c/creditrating.asp

What Is A Corporate Credit Rating?

For investors considering buying debt securities, a credit rating is an essential tool.http://www.investopedia.com/articles/03/102203.asp

My Credit File - Veda Advantage

A Veda Advantage My Credit File will assist you in managing your personal information and also help you to better assess your own credit-worthiness. Your credit file is an asset ... http://www.mycreditfile.com.au/home/home_default.aspx

Credit Rating Agencies

Australian Directory of Credit Rating Agencies ... Welcome to CreditRating.net.au. CreditRating.net.au is a directory that contains the business details of many of Australia's ... http://www.creditrating.net.au/

Collect your money. The Collection Agencies Act, Ontario is listed on ...

If you have a debt in collection, the damage to your credit rating is already done. You may as well let them sue you. It will take many, many months, possibly years, for them to ... http://www.canlaw.com/credit/credit.htm

Wikipedia results for Credit Rating

Credit rating - Wikipedia, the free encyclopedia

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 ... http://en.wikipedia.org/wiki/Credit_rating

Credit rating agency - Wikipedia, the free encyclopedia

A credit rating agency (CRA) is a company that assigns credit ratings for issuers of certain types of debt obligations as well as the debt instruments themselves.http://en.wikipedia.org/wiki/Credit_reporting

Bond credit rating - Wikipedia, the free encyclopedia

In investment, the bond credit rating assesses the credit worthiness of a corporation 's debt issues. It is analogous to credit ratings for individuals and countries.http://en.wikipedia.org/wiki/Bond_credit_rating

Credit rating agencies and the subprime crisis - Wikipedia, the free ...

Credit rating agencies played an important role at various stages in the subprime crisis. They have been highly criticized for understating the risk involved with mortgage backed ... http://en.wikipedia.org/wiki/Credit_rating_agencies_and_the_...

Credit history - Wikipedia, the free encyclopedia

... How credit rating is determined. Credit ratings are determined differently in each country, but the factors are similar, and may include: Payment history - a record of delinquent ... http://en.wikipedia.org/wiki/Credit_history
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Tax Credit May Be Applied To House Down PaymentOn Tuesday, Shaun Donovan, Secretary of Housing And Urban Development, said that the Federal Housing Administration (FHA) informed lenders to allow first-time home buyers to use...Windows Media - Video

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Credit reform bill moving through SenateMay 12: Steven Pearlstein from The Washington Post explains the details of the credit cardholder's bill of rights, which is making its way through the Senate, to NBC's Andrea...Windows Media - Video

Answers for Credit Rating

advait0How does a nation have a credit rating and what authority decides?advait0There is no authority as such, it's the international credit rating firms that rate nations: Standard and Poor's, Moody's and Fitch. In general, these firms analyze the financial figures of the nation...DaxHow much credit line can a company with an A1 Dun and Bradstreet rating qualify for?DaxThe rating is a factor, but there are many other factors such as assets, liabilities (including the aging of the AR/AP). You can get an appraiser to value your in/tangible assets. But the biggest fa...shanem1c1What is the best way to quickly improve your credit rating?shanem1c1There are numerous ways of improving your scores. You can get some valuable info from www.myfico.com and/or you can e-mail a national consultant (Lonnie Burgen) at l.burgen@rmcninc.com let him know Da...starryeyedHow much does your credit rating affect your car insurance premium?starryeyedWhatever else you say about California, we don't use credit as a factor in rating insurance. Anecdotally, I can tell you that people who pay their insurance bills regularly have fewer claims than p...MsNomerHow does consolidating credit debt effect a credit rating?MsNomerConsolidating debt is an ideal way to reduce your amount and tenure of debt. You make a single payment to one lender on a certain date and this will help you clear off the debts faster. I would rec...
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