Dominion Bond Rating Service is a credit rating agency based in Toronto, Ontario. Founded in 1976, it is one of the largest credit rating agencies in Canada. It is one of five Nationally Recognized Statistical Rating Organizations in the United States, though significantly smaller than market leaders Moody's, S&P and Fitch. In investment, the credit rating assesses the credit worthiness of a corporation. ... Template:Hide = Motto: Template:Unhide = Diversity Our Strength Established: March 6, 1834 Area: East to West: 43 km North to South: 21 km629. ... Motto: Ut Incepit Fidelis Sic Permanet (Latin: Loyal she began, loyal she remains) Official languages English (French has some legal status) Capital Toronto Largest city Toronto Lieutenant-Governor James K. Bartleman Premier Dalton McGuinty (Liberal) Parliamentary representation - House seat - Senate seats 106 24 Area Total • Land • Water (% of total) Ranked... 1976 (MCMLXXVI) was a leap year starting on Thursday (the link is to a full 1976 calendar). ... Nationally Recognized Statistical Rating Organizations is a United States government designation that was created by Securities and Exchange Commission in 1975 to allow federal regulatory oversight of credit rating organizations. ... Moodys Corporation (NYSE: MCO) is the holding company for Moodys Investors Service which performs financial research and analysis on commercial and government entities. ... The Standard and Poors Corporation (S&P), a subsidiary of McGraw-Hill, is a company that performs financial research and analysis on stocks and debt instruments. ... The Fitch family Coat of Arms There are several historical figures named Fitch: Alva Revista Fitch - U.S. Army Lieutenant General Aubrey Fitch - U.S. Naval Admiral Bill Fitch - basketball coach Brian T. Fitch - French-Canadian nonfiction author Clyde Fitch - American playwright Ezra Fitch, New York lawyer and cofounder of...
The rating given by a credit rating agency is important because it affects the perceived risk element incorporated into interest rates that are applied to loans.
Interest rates are not the same for everyone, but instead are based on risk based pricing, a form of price discrimination based on the different expected costs of different borrowers, as set out in their credit rating.
The first criticism is that credit agency ratings (that is, the opinions offered by them not including the objective facts contained within their reporting, the best example would be the FICO score), are biased in some way towards the profit of banks and at the expense of the customer.
Feeds |
Contact