explain bank credit ranking
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Explanation:
A credit rating is an opinion of a particular credit agency regarding the ability and willingness an entity
to fulfill its financial obligations in completeness and within the established due dates. A credit rating also signifies the likelihood a debtor will default.
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Answer:
ᴀ ᴄʀᴇᴅɪᴛ ʀᴀᴛɪɴɢ ɪs ᴀɴ ᴏᴘɪɴɪᴏɴ ᴏғ ᴀ ᴘᴀʀᴛɪᴄᴜʟᴀʀ ᴄʀᴇᴅɪᴛ ᴀɢᴇɴᴄʏ ʀᴇɢᴀʀᴅɪɴɢ ᴛʜᴇ ᴀʙɪʟɪᴛʏ ᴀɴᴅ ᴡɪʟʟɪɴɢɴᴇss ᴀɴ ᴇɴᴛɪᴛʏ (ɢᴏᴠᴇʀɴᴍᴇɴᴛ, ʙᴜsɪɴᴇss, ᴏʀ ɪɴᴅɪᴠɪᴅᴜᴀʟ) ᴛᴏ ғᴜʟғɪʟʟ ɪᴛs ғɪɴᴀɴᴄɪᴀʟ ᴏʙʟɪɢᴀᴛɪᴏɴs ɪɴ ᴄᴏᴍᴘʟᴇᴛᴇɴᴇss ᴀɴᴅ ᴡɪᴛʜɪɴ ᴛʜᴇ ᴇsᴛᴀʙʟɪsʜᴇᴅ ᴅᴜᴇ ᴅᴀᴛᴇs. ᴀ ᴄʀᴇᴅɪᴛ ʀᴀᴛɪɴɢ ᴀʟsᴏ sɪɢɴɪғɪᴇs ᴛʜᴇ ʟɪᴋᴇʟɪʜᴏᴏᴅ ᴀ ᴅᴇʙᴛᴏʀ ᴡɪʟʟ ᴅᴇғᴀᴜʟᴛ.
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