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A credit rating agency (CRA, also called a ratings service) is a company that assigns credit ratings, which rate a debtor's ability to pay back debt by making timely principal and interest payments and the likelihood of default.
A sovereign credit rating is the credit rating of a sovereign entity, such as a national government. The sovereign credit rating indicates the risk level of the investing environment of a country and is used by investors when looking to invest in particular jurisdictions, and also takes into account political risk.
This is a list of U.S. states by credit rating, showing credit ratings for sovereign bonds as reported by the three major credit rating agencies: Standard & Poor's, Fitch and Moody's. The list is given as of May 2021.
In 2022, news that 27 of Florida’s property insurance companies were potentially facing a financial rating downgrade from Demotech, the state’s primary financial rating firm, created panic in ...
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The ratings agencies were heavily involved in the markets that enabled the subprime credit bubble of 2000-2008 and the subsequent financial crisis.In 1984 the federal government of the United States passed the Secondary Mortgage Market Enhancement Act (SMMEA) to improve the marketability of private-label (non-agency) mortgage-backed securities, [7] which declared NRSRO AA-rated mortgage-backed ...
The US Securities and Exchange Commission fined six major credit rating organizations a total of $49 million for their “significant failures ... A.M. Best Rating Services agreed to pay $1 ...
Demotech was founded in 1985 [1] [2] to provide financial analysis of, and actuarial services for, niche markets ignored by Big Three (credit rating agencies). [5] [6] The principals were Joseph and Sharon Romano Petrelli. [7] The U.S. Securities and Exchange Commission provides a list of nationally recognized statistical rating organizations ...