define bond rating used on corporate bond by fitch
Answers
ANSWER
The numerical modifiers can be added to the existing rating categories from Aa to Caa. The number 1 indicates that the obligation is ranked at the higher end of the rating category, 2 indicates a mid-range ranking, and 3 indicates the lower end of the rating category.
FITCH RATINGS
Fitch is the smallest credit rating agency among the “Big Three” agencies. The firm covers several different sectors, including financial institutions, insurance companies, sovereigns, corporate finance, structured finance, Islamic finance, and global infrastructure. However, Fitch’s market share is limited relative to that of its bigger rivals.
Fitch is the smallest credit rating agency among the “Big Three” agencies. The firm covers several different sectors, including financial institutions, insurance companies, sovereigns, corporate finance, structured finance, Islamic finance, and global infrastructure. However, Fitch’s market share is limited relative to that of its bigger rivals.Similar to S&P, the main purpose of Fitch’s rating is the assessment of a security’s default probability. It also uses a bond ratings scale similar to that of S&P.
HOPE IT HELPED !!!!
The boldly marked one is the main answer...and 1 more thing since i am frank to everyone i am telling you this i have taken this from GOOGLE...but i felt it would help if you feel it is incorrect you can immediately REPORT my answer but if you don't feel it incorrect please give me a THANKS so that i feel SATISFIED about my answer
vAnswer:
oof
Explanation:
hii