Business Studies, asked by kamalakannan5232, 10 months ago

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

Answers

Answered by shahnawazhussain55
0

Answer:

World first rating agency was Established in 1988.

Answered by Brainzeee
0

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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