Credit Rating
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Credit on
September 30th, 2009 |
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Credit Rating
Credit ratings help determine a credit soundness of a person or company. In order to calculate credit ratings the financial history, current assets and liabilities need to be considered. Credit ratings tell a lender or investor about the capability of this individual or a company to pay back a loan. If the credit rating is poor, it affects the loan negatively and can result in high interest rates or even the refusal of a loan by the possible lender.
