Credit Rating Agencies, or CRAs, are organizations that are hired to determine the creditworthiness of companies and debt issuers. The major CRAs in the United States are Standard & Poor and Fitch’s and Moody’s. After the global financial crisis of 2007, the CRAs fell under major criticism for their perceived part in granting high-credit ratings
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Credit Rating Agencies: What is a Credit Rating Agency
What is a Credit Rating Agency In today’s society, credit scores and credit ratings have a major impact in determining an individual’s quality of life. The ability to purchase a home, purchase a car, and even obtaining a job can all be impacted by the credit scores given by one of the credit rating agencies.