Credit Rating is an assessment of the company by a registered credit rating agency that determines whether the company will pay the loan back on time, as per the loan agreement. A good credit rating depicts a good history of paying loans on time in the past. Therefore, this credit rating influences the bank’s decision of funding at a considerate rate of interest.
It is usually expressed in alphabetical symbols. Although it is a new concept in the Indian financial market, slowly, its popularity has increased.
Credit Rating helps investors recognize the risk involved in lending the money and gives a fair assessment of its credibility.
“Bondwell helps the corporation to get the Rating from Credit Rating Agency and makes their work easier.”