QUALITATIVE ANALYSISOF THE SIGNIFICANCE OFCREDIT RATING

Oana Mihaela Orheian

Revista Economica, 2012, vol. Supplement, issue 4, 499-505

Abstract: Rating plays an essential role on the financial market because the investors use to evaluate credit risk as a financial instrument. The rating measures the probability of full payment and debt maturity on each class of debt instruments. Credit rating is one of the tools investors can use when deciding on the purchase of bonds and other fixed income investments. Rating agencies are designed to determine the likelihood of payment default for all types of assets and liabilities of the issuers. The articleaims todefinethe main types ofcreditratingsused bymajorratingagenciesthat control theoligopolisticmarket.

Date: 2012
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