The US credit rating was downgraded. Here’s what to know
Aug 9, 2023 · The US government's long-term credit rating was downgraded by a leading rating agency in August 2023. Sovereign credit ratings are independent assessments of a …
The African Union wants to create its own credit rating agency.
Oct 9, 2023 · An independent credit rating agency in Africa could better assess economic indicators and credit risk across the region, proponents say. The African Union plans to create …
New approach to credit scoring accelerates financial inclusion
Jan 20, 2021 · This concept is known as Alternative Credit Scoring (ACS). ACS is a system that uses technology as the basis for its operations. This system is an upgrade from conventional …
BRICS' New Development Bank turns four: what has it achieved?
Sep 20, 2019 · The New Development Bank obtained a AAA international credit rating from Japan Credit Rating Agency in August 2019, and a AA+ rating in 2018 from Standard & Poor and …
Which factors affect sovereign credit ratings?
Which factors affect sovereign credit ratings? May 21, 2015. Rating agencies have played a prominent role during the on-going Global Crisis. In principle, agencies constantly update their …
Biochar is carbon removal's jack of all trades. Here's why
Nov 23, 2023 · The credit rating platform BeZero recently further confirmed confidence in BCR, issuing an A rating to a BCR project, its first appraisal of CDR credits. Biochar Carbon …
What is a credit rating downgrade? | World Economic Forum
Dec 10, 2015. South Africa just saw its credit rating downgraded after two of the three major ratings agencies issued depressing assessments of the state of the country’s economy. Fitch …
What happens when a bank’s credit rating is downgraded?
The fact that the effect is non-linear is consistent with anecdotal evidence that wholesale lenders use rating triggers in loan covenants. Figure 1. Average effect of a credit rating downgrade on …
What is the Evergrande debt crisis and why does it matter for the ...
Sep 21, 2021 · The news that Evergrande, the world’s most indebted real estate company, was on the brink of collapse sent global markets tumbling last month. The company had warned …
What is triple-A, and which countries make the grade?
At the moment they are Australia, Canada, Denmark, Germany, Hong Kong, Liechtenstein, Luxembourg, Netherlands, Norway, Singapore, Sweden and Switzerland; and, until very …