Benefits of ECRL Rating
A credit rating is an evaluation of the credit risk of a prospective debtor (an individual, a business, company or a government), predicting their ability to pay back the debt, and an implicit forecast of the likelihood of the debtor defaulting. Credit rating represents an evaluation of a credit rating agency of the qualitative and quantitative information for the prospective debtor, including information provided by the prospective debtor and other non-public information obtained by the credit rating agency’s analysts. There are three major international credit rating agencies: Standard & Poor’s, Fitch Rating and Moody’s Rating. Following the application of credit rating in the international level, almost every country has approved and employed local credit rating agencies.