Credit rating - Revision history

Doug: Add examples.

2024-12-21T09:21:05Z

Add examples.

← Older revision		Revision as of 09:21, 21 December 2024
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	1. ''Larger organisations - borrowings - securities - bonds - credit rating agencies.''		1. ''Larger organisations - borrowings - securities - bonds - credit rating agencies.''

	A standardised assessment, expressed alphanumerically, of the creditworthiness of an entity raising debt capital – be it a company, an investment vehicle (mutual fund), a country (sovereign) and its affiliated public agencies or regional/local authorities or a supranational institution – provided by credit rating agencies to investors and analysts.		A standardised assessment, expressed alphanumerically (for example AAA to D, or A-1+ to D), of the creditworthiness of an entity raising debt capital – be it a company, an investment vehicle (mutual fund), a country (sovereign) and its affiliated public agencies or regional/local authorities or a supranational institution – provided by credit rating agencies to investors and analysts.

	Credit ratings also serve as a measure of the risks related to specific financial investments.		Credit ratings also serve as a measure of the risks related to specific financial investments.

Doug: Layout.

2024-09-16T13:02:06Z

Layout.

← Older revision		Revision as of 13:02, 16 September 2024
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	==Other resource==		==Other resource==
	[[Media:Nov14TTtreasuryessentials46.pdf \|Measuring up, The Treasurer, Nov 2014]]		*[[Media:Nov14TTtreasuryessentials46.pdf \|Measuring up, The Treasurer, Nov 2014]]

	[[Category:Manage_risks]]		[[Category:Manage_risks]]
	[[Category:Treasury_operations_infrastructure]]		[[Category:Treasury_operations_infrastructure]]

Doug: Expand second definition for trade credit ratings.

2024-09-16T13:01:44Z

Expand second definition for trade credit ratings.

← Older revision		Revision as of 13:01, 16 September 2024
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	2. ''Smaller & medium sized organisations - credit reference agencies.''		2. ''Smaller & medium sized organisations - credit reference agencies - trade credit rating agency.''

	An external assessment of general creditworthiness for a smaller organisation, provided by a credit reference agency.		An external assessment of general creditworthiness for a smaller organisation, provided by a credit reference agency or trade credit rating agency.


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	* [[Supranational]]		* [[Supranational]]
	* [[Toxic]]		* [[Toxic]]
			* [[Trade credit rating agency]]
	* [[Unrated]]		* [[Unrated]]
	* [[Unsolicited rating]]		* [[Unsolicited rating]]
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	==Other ~~link~~==		==Other resource==
	[[Media:Nov14TTtreasuryessentials46.pdf \|Measuring up, The Treasurer, Nov 2014]]		[[Media:Nov14TTtreasuryessentials46.pdf \|Measuring up, The Treasurer, Nov 2014]]

	[[Category:Manage_risks]]		[[Category:Manage_risks]]
	[[Category:Treasury_operations_infrastructure]]		[[Category:Treasury_operations_infrastructure]]

Doug: Add link.

2024-01-27T19:37:26Z

Add link.

← Older revision		Revision as of 19:37, 27 January 2024
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	* [[Fitch]]		* [[Fitch]]
	* [[ICR]]		* [[ICR]]
			* [[In default]]
	* [[Investment grade]]		* [[Investment grade]]
	* [[Junk]]		* [[Junk]]

imported>Doug Williamson: Add link.

2022-07-09T16:13:42Z

Add link.

← Older revision		Revision as of 16:13, 9 July 2022
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	* [[Credit Benchmark]]		* [[Credit Benchmark]]
	* [[Credit estimate]]		* [[Credit estimate]]
			* [[Credit migration risk]]
	* [[Credit Quality Step]]		* [[Credit Quality Step]]
	* [[Credit rating agency]]		* [[Credit rating agency]]

imported>Doug Williamson: Update link.

2022-02-16T17:56:32Z

Update link.

← Older revision		Revision as of 17:56, 16 February 2022
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	* [[Corporate credit ratings: a quick guide]]		* [[Corporate credit ratings: a quick guide]]
	* [[County court judgment]]		* [[County court judgment]]
	* [[CQS]]
	* [[Credit]]		* [[Credit]]
	* [[Credit Benchmark]]		* [[Credit Benchmark]]
	* [[Credit estimate]]		* [[Credit estimate]]
			* [[Credit Quality Step]]
	* [[Credit rating agency]]		* [[Credit rating agency]]
	* [[Credit reference agency]]		* [[Credit reference agency]]

imported>Doug Williamson: Layout.

2022-02-16T11:04:36Z

Layout.

← Older revision		Revision as of 11:04, 16 February 2022
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	===Other ~~links=~~==		==Other link==
	[[Media:Nov14TTtreasuryessentials46.pdf \|Measuring up, The Treasurer, Nov 2014]]		[[Media:Nov14TTtreasuryessentials46.pdf \|Measuring up, The Treasurer, Nov 2014]]

	[[Category:Manage_risks]]		[[Category:Manage_risks]]
	[[Category:Treasury_operations_infrastructure]]		[[Category:Treasury_operations_infrastructure]]

imported>Doug Williamson: Update - source - Association of Corporate Treasurers - email from Naresh Aggarwal 16 Feb 2022.

2022-02-16T11:04:13Z

Update - source - Association of Corporate Treasurers - email from Naresh Aggarwal 16 Feb 2022.

← Older revision		Revision as of 11:04, 16 February 2022
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	1. ''Larger organisations - borrowings - securities - bonds - credit rating agencies.''		1. ''Larger organisations - borrowings - securities - bonds - credit rating agencies.''

	A ~~credit rating is an external~~ assessment of creditworthiness.		A standardised assessment, expressed alphanumerically, of the creditworthiness of an entity raising debt capital – be it a company, an investment vehicle (mutual fund), a country (sovereign) and its affiliated public agencies or regional/local authorities or a supranational institution – provided by credit rating agencies to investors and analysts.


	~~Although the general term can apply to individuals~~ and ~~smaller businesses, in treasury it is usually used with reference to~~ public ~~debt issued~~ by ~~larger corporations or public bodies~~.

	~~So for example~~ a ~~bond issue by a large corporation, or by a government, would usually be given a credit rating by one or more credit rating agencies or other bodies~~.		Credit ratings also serve as a measure of the risks related to specific financial investments.


	2. ''Smaller & medium sized organisations - credit reference agencies.''		2. ''Smaller & medium sized organisations - credit reference agencies.''

	An external assessment of creditworthiness provided by a credit reference agency.		An external assessment of general creditworthiness for a smaller organisation, provided by a credit reference agency.


	== See also ==		== See also ==
	* [[AAA]]		* [[AAA]]
			* [[Agency]]
	* [[Bond issue]]		* [[Bond issue]]
	* [[Climate change: testing the resilience of corporates’ creditworthiness to natural catastrophes]]		* [[Climate change: testing the resilience of corporates’ creditworthiness to natural catastrophes]]
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	* [[Junk]]		* [[Junk]]
	* [[Moody's]]		* [[Moody's]]
			* [[Mutual fund]]
	* [[NAIC]]		* [[NAIC]]
	* [[Non-investment grade]]		* [[Non-investment grade]]
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	* [[SACP]]		* [[SACP]]
	* [[Solicited rating]]		* [[Solicited rating]]
			* [[Sovereign]]
	* [[Standard & Poor's ]]		* [[Standard & Poor's ]]
	* [[Sub-prime lending]]		* [[Sub-prime lending]]
			* [[Supranational]]
	* [[Toxic]]		* [[Toxic]]
	* [[Unrated]]		* [[Unrated]]

imported>Doug Williamson: Add link.

2021-11-03T11:22:22Z

Add link.

← Older revision		Revision as of 11:22, 3 November 2021
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	* [[Credit rating agency]]		* [[Credit rating agency]]
	* [[Credit reference agency]]		* [[Credit reference agency]]
			* [[Credit risk]]
	* [[Credit score]]		* [[Credit score]]
	* [[Credit watch]]		* [[Credit watch]]

imported>Doug Williamson: Layout.

2021-08-05T13:20:50Z

Layout.

← Older revision		Revision as of 13:20, 5 August 2021
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	1. ''Larger organisations.''		1. ''Larger organisations - borrowings - securities - bonds - credit rating agencies.''

	A credit rating is an assessment of creditworthiness.		A credit rating is an external assessment of creditworthiness.


	Although the general term can apply to individuals and smaller businesses, in treasury it is usually used with reference to public debt issued by larger corporations or public bodies.		Although the general term can apply to individuals and smaller businesses, in treasury it is usually used with reference to public debt issued by larger corporations or public bodies.
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	2. ''Smaller & medium sized organisations.''		2. ''Smaller & medium sized organisations - credit reference agencies.''

	An assessment of creditworthiness provided by a credit reference agency.		An external assessment of creditworthiness provided by a credit reference agency.