Credit ratings are an assessment of the creditworthiness or risk of default of issuers of debt obligations like bonds or commercial paper. They are issued by credit rating agencies and represent the agency's opinion on the likelihood that the issuer will repay the debt. The ratings are determined based on both qualitative and quantitative factors related to the issuer's industry, financial performance, debt levels, and other business and financial risks. Credit ratings use alphanumeric symbols to convey the agency's opinion on the risk of default, ranging from highest safety ratings like AAA to ratings indicating higher risk or default. Major credit rating agencies in India include CRISIL, ICRA, CARE, and Fitch.
CREDIT RATING - P. SAI PRATHYUSHA (PONDICHERRY UNIVERSITY)SaiLakshmi115
Introduction # origin # meaning and definition # importance # indications of the assigned ratings # factors affecting assigned ratings # nature of credit rating # instruments of credit ratings # rating other than debt instruments # advantages and disadvantages of credit rating
CREDIT RATING - P. SAI PRATHYUSHA (PONDICHERRY UNIVERSITY)SaiLakshmi115
Introduction # origin # meaning and definition # importance # indications of the assigned ratings # factors affecting assigned ratings # nature of credit rating # instruments of credit ratings # rating other than debt instruments # advantages and disadvantages of credit rating
The report deals with a clear understanding of the lending procedures followed by Indian Overseas Bank. It not only explains the basic concepts and the terminologies used in the banking sector but also gives an insight into the legal aspects and the paper work required for final sanction of a loan proposal.
Credit rating services, benefits to investors , issuers , regulators and mergers & acquisition in banking sector, narasimhan committee report and raghuram rajan report on mergers & acquisition
This presentation is on Credit rating agencies in India. here I presents it's origin, importants, benefits, objectives, need and about different rating agencies.
Loans and advances (with special reference to NPA)Rahul Prajapati
Loans and Advances- Meaning, utility , categories of loans, forms of advances, loan Vs advances, types of securities, procedures for granting loans and advances, Overview of NPAs, Classification of Assets, Causes of NPAs, Case Study of Vijaya Malya......
A STUDY ON LOANS AND ADVANCES PROVIDED BY THE INDIAN BANK ZONAL OFFICE, TRICHYIAEME Publication
The present study consists of the performance of loans and advances. The data utilized for the study is primary in nature. Last decade has witnessed many changes in the banking industry. This study indicates the effect of the loans and advances on the Indian Economy. Banks mainly make profit from the difference of interest received and loans paid. Nowadays banks are performing the number of functions in addition to its two main function lending and accepting deposits. Banks grant loans in order to satisfy the growing credit needs of the different sections of the society but since the private banks are profit making organization thus they have profit making dimension added to the advances granted by them. In this study the focus is mainly on the movement of Loans and advances of the Indian Bank, Crawford Branch by analyzing the present data.
The report deals with a clear understanding of the lending procedures followed by Indian Overseas Bank. It not only explains the basic concepts and the terminologies used in the banking sector but also gives an insight into the legal aspects and the paper work required for final sanction of a loan proposal.
Credit rating services, benefits to investors , issuers , regulators and mergers & acquisition in banking sector, narasimhan committee report and raghuram rajan report on mergers & acquisition
This presentation is on Credit rating agencies in India. here I presents it's origin, importants, benefits, objectives, need and about different rating agencies.
Loans and advances (with special reference to NPA)Rahul Prajapati
Loans and Advances- Meaning, utility , categories of loans, forms of advances, loan Vs advances, types of securities, procedures for granting loans and advances, Overview of NPAs, Classification of Assets, Causes of NPAs, Case Study of Vijaya Malya......
A STUDY ON LOANS AND ADVANCES PROVIDED BY THE INDIAN BANK ZONAL OFFICE, TRICHYIAEME Publication
The present study consists of the performance of loans and advances. The data utilized for the study is primary in nature. Last decade has witnessed many changes in the banking industry. This study indicates the effect of the loans and advances on the Indian Economy. Banks mainly make profit from the difference of interest received and loans paid. Nowadays banks are performing the number of functions in addition to its two main function lending and accepting deposits. Banks grant loans in order to satisfy the growing credit needs of the different sections of the society but since the private banks are profit making organization thus they have profit making dimension added to the advances granted by them. In this study the focus is mainly on the movement of Loans and advances of the Indian Bank, Crawford Branch by analyzing the present data.
This presentation provides basic idea of CRA. It states various Indian as well as international Credit rating agencies. We can also get basic knowledge of research methodologies used by CRA for rating the companies.
credit rating meaning
origin of credit rating agency
importance, benefits,objectives, needs
credit rating agency in India . Items rated
CRISIL rating symbols for long term and short term instruments
Credit Rating has become an important aspect when we talk of Finance these days; what are the major Credit rating agencies in India and other International companies in same business are mentioned here. The process followed by these companies are also touched upon this presentation
Credit rating is an analysis of the credit risks associated with a financial instrument or a financial entity. It is a rating given to a particular entity based on the credentials and the extent to which the financial statements of the entity are sound, in terms of borrowing and lending that has been done in the past.
Credit rating, it's historical perspective, Indian perspective, process of credit rating, communicating of credit rating, Top credit rating agencies, rating symbols have described.
US Economic Outlook - Being Decided - M Capital Group August 2021.pdfpchutichetpong
The U.S. economy is continuing its impressive recovery from the COVID-19 pandemic and not slowing down despite re-occurring bumps. The U.S. savings rate reached its highest ever recorded level at 34% in April 2020 and Americans seem ready to spend. The sectors that had been hurt the most by the pandemic specifically reduced consumer spending, like retail, leisure, hospitality, and travel, are now experiencing massive growth in revenue and job openings.
Could this growth lead to a “Roaring Twenties”? As quickly as the U.S. economy contracted, experiencing a 9.1% drop in economic output relative to the business cycle in Q2 2020, the largest in recorded history, it has rebounded beyond expectations. This surprising growth seems to be fueled by the U.S. government’s aggressive fiscal and monetary policies, and an increase in consumer spending as mobility restrictions are lifted. Unemployment rates between June 2020 and June 2021 decreased by 5.2%, while the demand for labor is increasing, coupled with increasing wages to incentivize Americans to rejoin the labor force. Schools and businesses are expected to fully reopen soon. In parallel, vaccination rates across the country and the world continue to rise, with full vaccination rates of 50% and 14.8% respectively.
However, it is not completely smooth sailing from here. According to M Capital Group, the main risks that threaten the continued growth of the U.S. economy are inflation, unsettled trade relations, and another wave of Covid-19 mutations that could shut down the world again. Have we learned from the past year of COVID-19 and adapted our economy accordingly?
“In order for the U.S. economy to continue growing, whether there is another wave or not, the U.S. needs to focus on diversifying supply chains, supporting business investment, and maintaining consumer spending,” says Grace Feeley, a research analyst at M Capital Group.
While the economic indicators are positive, the risks are coming closer to manifesting and threatening such growth. The new variants spreading throughout the world, Delta, Lambda, and Gamma, are vaccine-resistant and muddy the predictions made about the economy and health of the country. These variants bring back the feeling of uncertainty that has wreaked havoc not only on the stock market but the mindset of people around the world. MCG provides unique insight on how to mitigate these risks to possibly ensure a bright economic future.
The European Unemployment Puzzle: implications from population agingGRAPE
We study the link between the evolving age structure of the working population and unemployment. We build a large new Keynesian OLG model with a realistic age structure, labor market frictions, sticky prices, and aggregate shocks. Once calibrated to the European economy, we quantify the extent to which demographic changes over the last three decades have contributed to the decline of the unemployment rate. Our findings yield important implications for the future evolution of unemployment given the anticipated further aging of the working population in Europe. We also quantify the implications for optimal monetary policy: lowering inflation volatility becomes less costly in terms of GDP and unemployment volatility, which hints that optimal monetary policy may be more hawkish in an aging society. Finally, our results also propose a partial reversal of the European-US unemployment puzzle due to the fact that the share of young workers is expected to remain robust in the US.
What price will pi network be listed on exchangesDOT TECH
The rate at which pi will be listed is practically unknown. But due to speculations surrounding it the predicted rate is tends to be from 30$ — 50$.
So if you are interested in selling your pi network coins at a high rate tho. Or you can't wait till the mainnet launch in 2026. You can easily trade your pi coins with a merchant.
A merchant is someone who buys pi coins from miners and resell them to Investors looking forward to hold massive quantities till mainnet launch.
I will leave the telegram contact of my personal pi vendor to trade with.
@Pi_vendor_247
how to swap pi coins to foreign currency withdrawable.DOT TECH
As of my last update, Pi is still in the testing phase and is not tradable on any exchanges.
However, Pi Network has announced plans to launch its Testnet and Mainnet in the future, which may include listing Pi on exchanges.
The current method for selling pi coins involves exchanging them with a pi vendor who purchases pi coins for investment reasons.
If you want to sell your pi coins, reach out to a pi vendor and sell them to anyone looking to sell pi coins from any country around the globe.
Below is the contact information for my personal pi vendor.
Telegram: @Pi_vendor_247
how to sell pi coins effectively (from 50 - 100k pi)DOT TECH
Anywhere in the world, including Africa, America, and Europe, you can sell Pi Network Coins online and receive cash through online payment options.
Pi has not yet been launched on any exchange because we are currently using the confined Mainnet. The planned launch date for Pi is June 28, 2026.
Reselling to investors who want to hold until the mainnet launch in 2026 is currently the sole way to sell.
Consequently, right now. All you need to do is select the right pi network provider.
Who is a pi merchant?
An individual who buys coins from miners on the pi network and resells them to investors hoping to hang onto them until the mainnet is launched is known as a pi merchant.
debuts.
I'll provide you the Telegram username
@Pi_vendor_247
how to sell pi coins on Bitmart crypto exchangeDOT TECH
Yes. Pi network coins can be exchanged but not on bitmart exchange. Because pi network is still in the enclosed mainnet. The only way pioneers are able to trade pi coins is by reselling the pi coins to pi verified merchants.
A verified merchant is someone who buys pi network coins and resell it to exchanges looking forward to hold till mainnet launch.
I will leave the telegram contact of my personal pi merchant to trade with.
@Pi_vendor_247
Turin Startup Ecosystem 2024 - Ricerca sulle Startup e il Sistema dell'Innov...Quotidiano Piemontese
Turin Startup Ecosystem 2024
Una ricerca de il Club degli Investitori, in collaborazione con ToTeM Torino Tech Map e con il supporto della ESCP Business School e di Growth Capital
Currently pi network is not tradable on binance or any other exchange because we are still in the enclosed mainnet.
Right now the only way to sell pi coins is by trading with a verified merchant.
What is a pi merchant?
A pi merchant is someone verified by pi network team and allowed to barter pi coins for goods and services.
Since pi network is not doing any pre-sale The only way exchanges like binance/huobi or crypto whales can get pi is by buying from miners. And a merchant stands in between the exchanges and the miners.
I will leave the telegram contact of my personal pi merchant. I and my friends has traded more than 6000pi coins successfully
Tele-gram
@Pi_vendor_247
how can I sell pi coins after successfully completing KYCDOT TECH
Pi coins is not launched yet in any exchange 💱 this means it's not swappable, the current pi displaying on coin market cap is the iou version of pi. And you can learn all about that on my previous post.
RIGHT NOW THE ONLY WAY you can sell pi coins is through verified pi merchants. A pi merchant is someone who buys pi coins and resell them to exchanges and crypto whales. Looking forward to hold massive quantities of pi coins before the mainnet launch.
This is because pi network is not doing any pre-sale or ico offerings, the only way to get my coins is from buying from miners. So a merchant facilitates the transactions between the miners and these exchanges holding pi.
I and my friends has sold more than 6000 pi coins successfully with this method. I will be happy to share the contact of my personal pi merchant. The one i trade with, if you have your own merchant you can trade with them. For those who are new.
Message: @Pi_vendor_247 on telegram.
I wouldn't advise you selling all percentage of the pi coins. Leave at least a before so its a win win during open mainnet. Have a nice day pioneers ♥️
#kyc #mainnet #picoins #pi #sellpi #piwallet
#pinetwork
The Evolution of Non-Banking Financial Companies (NBFCs) in India: Challenges...beulahfernandes8
Role in Financial System
NBFCs are critical in bridging the financial inclusion gap.
They provide specialized financial services that cater to segments often neglected by traditional banks.
Economic Impact
NBFCs contribute significantly to India's GDP.
They support sectors like micro, small, and medium enterprises (MSMEs), housing finance, and personal loans.
how to sell pi coins in all Africa Countries.DOT TECH
Yes. You can sell your pi network for other cryptocurrencies like Bitcoin, usdt , Ethereum and other currencies And this is done easily with the help from a pi merchant.
What is a pi merchant ?
Since pi is not launched yet in any exchange. The only way you can sell right now is through merchants.
A verified Pi merchant is someone who buys pi network coins from miners and resell them to investors looking forward to hold massive quantities of pi coins before mainnet launch in 2026.
I will leave the telegram contact of my personal pi merchant to trade with.
@Pi_vendor_247
If you are looking for a pi coin investor. Then look no further because I have the right one he is a pi vendor (he buy and resell to whales in China). I met him on a crypto conference and ever since I and my friends have sold more than 10k pi coins to him And he bought all and still want more. I will drop his telegram handle below just send him a message.
@Pi_vendor_247
2. CREDIT RATING
• An assessment of the credit worthiness of
individuals and corporations/ govt.
• It is based upon the history of borrowing and
repayment,
• as well as the availability of assets and extent of
liabilities
3. CREDIT RATING
• Evaluation of credit worthiness of an issuer of specific types of
debt issued by a business
• It is an evaluation made by credit rating agency of the debt
issuers likelihood of default
• Credit ratings are determined by credit ratings agencies.
• Not a mathematical calculation
4. FACTORS IN CREDIT RATING PROCESS
1. Ability to pay a loan
2. Interest
3. amount of credit used
4. saving patterns
5. spending patterns
6. Debt
• In different parts of the world different personal credit score
systems exist.
5. FACTORS CONSIDERED FOR RATING
• Industry risk
• Market position
• Ownership and support
• Earning & performance
• Cash flows
• Capital & debt structure
• Corporate governance
6. DEFINITION --
• “Ratings are designed exclusively for the purpose of grading
bonds according to their investment qualities” - Moody’s
• “Ratings are opinions on the relative capability of timely
servicing of corporate debt & obligations. These are not
recommendations to buy or sell…. Neither the accuracy nor the
completeness of the information is guaranteed” -
ICRA
7. WHAT IS A CREDIT RATING?
A credit rating represents the rating agency's opinion on the
likelihood of a rated debt obligation being repaid in full and on
time.
• A simple alphanumeric symbol is normally used to convey a
credit rating.
• It is focused on the risk of non-payment of debt
instruments
8. FEATURES
1. An assessment of the capacity of the issuer of debt
security – to repay with interest as per the terms of
debt
2. Collection of qualitative & quantitative data has to be
assessed for rating
3. Rating given is based on an objective judgment of a
team of experts
4. Ratings are given in code numbers
5. Easiest way of understanding without going into the
complicated financial reports
9. FEATURES -- CONTD
6. It is only a guidance not a recommendation to
the investors (for the particular debt instrument)
• Investors always look for
• (1) yield to maturity
(2) risk tolerance to investor
(3)credit risk of security
7. Credit rating focuses only on one aspect (3) so it is
only a current opinion of capacity of repayment
10. FEATURES
8. In India, rating is done on a security and not on a
company as a whole
9. It is not one time assessment, but a continuous
appraisal
10.It does not create fiduciary relationship between
rating agencies and the users as there is no legal
basis for such relationships
12. ORIGIN
• Concept originated in USA – 1860
• Henry Vannum Poor started publishing financial
statistics of railroad companies
• 1909 Moody’s Investors Agencies started rating railroad
with more thrust
• System of ratings got institutionalised following great
depression
• 1933 US controller of currency enacted a rule that banks
could purchase securities rated onlyBBB/Baa or above
13. ORIGIN -CONTD
• 1970: Penn Central, then largest railroad company in
the world went bankrupt with $100 million in
commercial paper
• Which forced investors to ask for rating for commercial
paper
• Today 100% commercial paper and 99% corporate
bond volume are rated in USA
14. IN INDIA
• Credit Rating Information Services of India Ltd
was set up in 1987 (CRISIL)
• Investment Information and Credit Rating
Agency of India -1991 (ICRA)
• Credit Analysis and Research Ltd – 1993
(CARE)
• All 3 agencies were approved by RBI
15. CONTD……..
• The first rating institution in India was DUFFs
and Phelps Credit Rating India Pvt Ltd –
formed in 1995
• After another merger with DCR it is known as
FITCH INDIA LTD
16. CREDIT RATING AGENCIES - INDIA
1. CRISIL Limited, Bombay
2. Fitch Ratings India Private Ltd. Bombay
3. ICRA Limited. Delhi (alliance Moody )
4. Credit Analysis & Research Ltd.
(CARE) Bombay
5. Brickwork Ratings India Private Limited.
Bangalore
6. SME Rating Agency of India Ltd. (SMERA)
Bombay
7. ONICRA (ONIDA credit rating)
8. DUFF PHELPS credit Rating Agency Ltd.,
17. REASONS / REQUIREMENT OF
CREDIT RATING
1. The increasing role of money & capital
2. Increased securitization of borrowing and
lending globalization of credit market
3. Withdrawal of government safety nets
4. The trend towards privatization.
5. Growth of confidence in the efficiency of open
market mechanism.
18. BENEFITS TO COMPANIES
• Sources of additional information
• Increases investor base
• Encourages financial discipline
• Foreign collaboration made easy
• Rating can be used as a marketing tool to create a better image
among the lenders, creditors,….
• To know the quantum of degault risk
• Gives Small companies better confidence to get credit
• Big companies will get credit at a lower rate
19. CRISIL RATING
CRISIL500 index along with NSE
Alliance with S&P (S&P acquired 9.68% in CRISIL 1997)
So far, CRISIL has rated 30,000 debt instruments, covering
the entire debt market.
The debt obligations rated by CRISIL include:
1. Non-convertible debentures/ bonds/ preference shares
2. Commercial papers/certificates of deposits/short-term
debt
3. Fixed deposits
4. Loans
5. Structured debt
20. CREDIT RATING AGENCY AND A
CREDIT BUREAU
A credit rating agency provides an opinion
relating to future debt repayments by
borrowers.
A credit bureau provides information on past
debt repayments by borrowers
21. CREDIT RATING SYMBOLS BY CRISIL
CRISIL uses simple alphanumeric symbols to
convey credit ratings on three basic scales:
1. long-term scale
2. short-term scale
3. fixed deposit scale
22. Symbol
(Rating
category).
Description (with regard to the likelihood of
meeting the debt obligations on time)
AAA Highest Safety (strongly supported by
highest repayment)
AA High Safety (strongly supported by timely
repayment)
A Adequate Safety (satisfactory repayment)
BBB Moderate Safety
BB Inadequate Safety
B High Risk
C Substantial Risk
D Default
23.
24. DEMERITS TO COMPANIES
• Absence of wide spread network limits the skills of
rating
• Unskilled or overloaded staff cannot do justice to the
job
• Rigid Mathematical formulas cannot be used
• Since they work for a fee rating may be manipulated
• It is not permanent in nature