Credit Guarantee Scheme and Credit rating: Difference between pages

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imported>Doug Williamson
(Update for closing of Scheme.)
 
imported>Doug Williamson
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(CGS).  
A credit rating is an 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. 


A former UK Treasury scheme under which banks and other financial institutions could obtain credit insurance effectively backed by the government, in return for a fee (designed to be calculated on a full commercial basis).
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.


The CGS was launched in 2008 with the aim of making it easier for financial institutions to borrow money. 


The CGS closed in 2012.
== See also ==
 
* [[AAA]]
 
* [[Bond issue]]
(The former CGS should not be confused with the UK [[Export Credits Guarantee Department]], which relates to ''exports'' from the UK.)
* [[Climate change: testing the resilience of corporates’ creditworthiness to natural catastrophes]]
* [[Corporate credit ratings: a quick guide]]
* [[County court judgment]]
* [[CQS]]
* [[Credit]]
* [[Credit Benchmark]]
* [[Credit estimate]]
* [[Credit rating agency]]
* [[Credit watch]]
* [[Downgrade]]
* [[ESG ratings]]
* [[Fitch]]
* [[ICR]]
* [[Investment grade]]
* [[Junk]]
* [[Moody's]]
* [[NAIC]]
* [[Non-investment grade]]
* [[Notch]]
* [[pi]]
* [[Pricing grid]]
* [[Prime]]
* [[Private rating]]
* [[Public information rating]]
* [[Public rating]]
* [[Rated]]
* [[SACP]]
* [[Solicited rating]]
* [[Standard & Poor's ]]
* [[Sub-prime lending]]
* [[Toxic]]
* [[Unrated]]
* [[Unsolicited rating]]
* [[Upgrade]]




== See also ==
===Other links===
[[Media:Nov14TTtreasuryessentials46.pdf |Measuring up, The Treasurer, Nov 2014]]


* [[Asset purchase facility]]
[[Category:Manage_risks]]
* [[Export Credits Guarantee Department]]
[[Category:Treasury_operations_infrastructure]]

Revision as of 00:52, 18 March 2021

A credit rating is an 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.

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.


See also


Other links

Measuring up, The Treasurer, Nov 2014

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