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Querist : Anonymous

Querist : Anonymous (Querist)

30 March 2012 Can u plz tell me that A Chartered Accountant can take a Franchise of a rating Company?

RAMESH KUMAR VERMA

RAMESH KUMAR VERMA (Expert)
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30 March 2012 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. In some cases, the servicers of the underlying debt are also given ratings.

In most cases, the issuers of securities are companies, special purpose entities, state and local governments, non-profit organizations, or national governments issuing debt-like securities (i.e., bonds) that can be traded on a secondary market. A credit rating for an issuer takes into consideration the issuer's credit worthiness (i.e., its ability to pay back a loan), and affects the interest rate applied to the particular security being issued.

for more info:

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

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