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The term first appeared and was used in the report “Rebuilding a Better Aceh and Nias: Preliminary Stocktaking of the Reconstruction Effort Six Months After the Earthquake and Tsunami” published by the World Bank in May 2005, and prepared in collaboration with the Bureau of Reconstruction and Rehabilitation for Aceh and Nias (BRR) and the international donor community. [8]
With the strategy of business internationalization as instructed by the Chinese central government, the Chinese rating agencies began establishing international branches in Hong Kong since 2012. As of 2020, the major Chinese international credit rating agencies are Lianhe Rating Global, China Chengxin (Asia Pacific) and Pengyuan International ...
In 1999, businesswoman Huang Wenyun wrote a report following her negative experiences with domestic business trustworthiness and her research into credit management in the United States business environment. [21]: 17–18 At the time, credit management and rating were largely unfamiliar concepts within the Chinese economy.
Credit risk management is a profession that focuses on reducing and preventing losses by understanding and measuring the probability of those losses. Credit risk management is used by banks, credit lenders, and other financial institutions to mitigate losses primarily associated with nonpayment of loans.
Building Back Better, or more frequently termed Build Back Better (BBB), is a strategy aimed at reducing the risk to the people of nations and communities in the wake of future disasters and shocks.
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Egan-Jones Ratings Company is a nationally recognized statistical rating organization (NRSRO) that was founded in 1995 to provide "timely, accurate credit ratings." [1] Egan-Jones rates the credit worthiness of issuers looking to raise capital in private credit markets across a range of asset classes.
The insurance industry has grown rapidly since a market reform in 1997, with the help of foreign firms. An example is the Bulgarian Insurance Group (BIG), a pension-fund and insurance management company owned by the Dutch-Israeli TBI Holding Company and the European Bank for Reconstruction and Development (EBRD).