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Credit Rating

   

Definition: Credit Rating is the result of an evaluation process of the creditworthiness of an entity (business or government) by a CR agency, based upon its current financial condition and past credit history.
It shows the debtor's ability to pay back the debt and the likelihood of default.


   
   
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More on financial management: Absorption Costing, Accounts Receivable Factoring, Credit Management, Customer Profitability Analysis, Debt Settlement, more on financial management...

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