How do ‘Credit Rating Agencies’ help the directors?
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credit rating agency is a private company whose purpose is to assess the ability of borrowers, either governments or private enterprises, to repay their debt. To do this, these agencies issue credit ratings based on the borrower's solvency. The three biggest global rating agencies control 95% of the market.
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It is a private company whose purpose is to asssess the ability of the borrowers ,either
govts or private enterpriseer to repay thier debt the three biggest global rating agencies control 95% of market .
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