Question

Questions 12.
World’s first credit rating agency was established in –
(a) In 1841
(b) In 1988
(c) In 1970
(d) In 1987

Answer 1

Answer:

World first rating agency was Established in 1988.

Answer 2

Answer:

The world's first credit rating agency was established in 1841.

So, option (a) is the correct answer.

Explanation:

What is the Credit rating agency?

• It is an agency which assigns credit ratings, which rates a debtors ability to pay back by making timely payments with interest.
• The first credit rating agency was established in 1841 by Lewis Tappan in New York City.
• It was subsequently acquired by Robert Dun and he published the first rating guide in 1859.
• Examples of such agencies are Moody's Investor services, Credit analysis and research, CRISIL, etc.

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