What is the role of credit rat­ing agen­cies?

CityPress - - Business -

They as­sess the abil­ity of gov­ern­ments, com­pa­nies and other en­ti­ties that bor­row money to re­pay their debt by mak­ing in­ter­est pay­ments on time and the like­li­hood of a bor­rower to de­fault

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