credit rating

Definitions

  • WordNet 3.6
    • n credit rating an estimate, based on previous dealings, of a person's or an organization's ability to fulfill their financial commitments
    • ***

Usage

In literature:

One credit, at any rate, can hardly be denied it.
"A History of the French Novel, Vol. 2" by George Saintsbury
At any rate, the wish to get on with your studies for the sake of excelling Ned Hunter, is not very creditable.
"The Inglises" by Margaret Murray Robertson
My credit is good with Einstein, and the rate lies between him and Judge Ware.
"Hidden Water" by Dane Coolidge
The crew, consisting of 24 men in various ratings, have behaved in a highly creditable manner.
"The Last Voyage" by Lady (Annie Allnutt) Brassey
You will not at any rate get credit for such innocence when you tell the story.
"The Landleaguers" by Anthony Trollope
His credit rating had dropped to zero.
"A World by the Tale" by Gordon Randall Garrett
Hitherto credit had at any rate been easy with the young lord.
"Lady Anna" by Anthony Trollope
A rate of 3 percent was continued on credits used in the distribution of goods.
"Area Handbook for Romania" by Eugene K. Keefe, Donald W. Bernier, Lyle E. Brenneman, William Giloane, James M. Moore, and Neda A. Walpole
He has to buy his supplies on credit at a high rate of profit, and is always up to his eyes in debt.
"The Cottage of Delight" by Will N. Harben
Mary deserved her tittle of credit for that arrangement, at any rate.
"Angela's Business" by Henry Sydnor Harrison
They could always sell cheaper, give longer credits, and offer lower freight rates than any English trader could.
"Caribbee" by Thomas Hoover
Had any credit ratings slipped?
"The Samurai Strategy" by Thomas Hoover
The interest rate allowed is 2 per cent., credited once a year, and the highest balance permitted is $500 to one person.
"Readings in Money and Banking" by Chester Arthur Phillips
Feodor, you see my plaything; never again rate me so low as to credit me with such a favorite.
"The Game and the Candle" by Eleanor M. Ingram
The Act of 1820 abolished sales on credit and fixed the minimum price at $1.25 per acre, at which rate it has since remained.
"Proceedings of the Second National Conservation Congress" by Various
Has he not rather gained credit at a cheap rate?
"The Works of Honoré de Balzac" by Honoré de Balzac
In charity practice, enter on your book at the regular rate, and credit to charity to balance.
"How to Collect a Doctor Bill" by Frank P. Davis
Credit-rating books, 53, 70.
"Copyright: Its History and Its Law" by Richard Rogers Bowker
That, at any rate, is to your credit.
"Marmaduke" by Flora Annie Steel
The credit sale usually involves interest, and often at a very high rate.
"The Principles of Economics" by Frank A. Fetter
***

In news:

The gains underscore how downgrades by credit-ratings companies, far from being a signal that prices will fall, may offer investors buying opportunities.
Not long ago, it was unthinkable that the United States would lose its top-shelf credit rating.
Turmoil in the European Union helped to mix up mortgage rates this week, according to Bankrate.com, an aggregator of rates and other information on mortgages, credit cards and other financial products.
"The credit rating that city has has taken an enormous hit in recent years," he said.
Argentina's credit rating drops after Fitch says default 'probable'.
The credit rating agency Fitch Ratings on Tuesday downgraded Argentina, which is locked in a court battle in New York over its debt, and said the country would probably default.
In September, the city went to Moody's Investors Service for a review of its credit rating, Benjamin said.
Well, here's one: a major credit rating agency isn't worried.
Moody's Investors Service on Wednesday lowered its long-term credit rating on Hewlett-Packard (HPQ), saying the technology giant will have trouble increasing sales of many of its products.
Moody's Investors Service on Wednesday lowered its long-term credit rating on Hewlett-Packard, saying the technology giant will have trouble increasing sales of many of its products.
Moody's lowered HP's senior unsecured credit rating by one notch, to "Baa1" from "A3".
Moody's cuts HP's credit rating.
The Fitch credit rating agency warned of a downgrade Wednesday and Wall Street marked its ballot with a 300 point downturn, the worst one-day loss in almost a year.
Hungary 's long-term credit rating, already in junk territory, by one notch to BB, saying its government's unpredictable policies could hurt medium-term growth.
Moody's could lower Illinois credit rating over pension inaction .
***

In science:

Time-inhomogeneous L´evy processes in interest rate and credit risk models.
On the valuation of compositions in L\'evy term structure models
Credit Risk: Model ling, Valuation and Hedging (Berlin: Springer-Varlag 2002). Brody, D. C. & Hughston, L. P. 2001 Interest rates and information geometry.
Information of Interest
The purpose of this paper is introducing rigorous methods and formulas for bilateral counterparty risk credit valuation adjustments (CVA’s) on interest-rate portfolios.
Bilateral counterparty risk valuation for interest-rate products: impact of volatilities and correlations
Keywords: Counterparty Risk, Arbitrage-Free Credit Valuation Adjustment, Interest Rate Swaps, Interest Rate Derivatives, Credit Valuation Adjustment, Bilateral Risk, Credit Spread Volatility, Default Correlation, Stochastic Intensity, Short Rate Models, Copula Functions, Wrong Way Risk.
Bilateral counterparty risk valuation for interest-rate products: impact of volatilities and correlations
However, while the focus in Brigo and Capponi (2008) is on Credit Default Swaps (CDS), here it is on interest-rate products, generalizing to the bilateral case the earlier works on unilateral CVA for rates products done by Sorensen and Bollier (1994), Brigo and Masetti (2005) and Brigo and Pallavicini (2007).
Bilateral counterparty risk valuation for interest-rate products: impact of volatilities and correlations
Indeed, previous research on accurate arbitrage-free valuation of unilateral CVA with dynamical models on commodities (Brigo and Bakkar (2009)), on rates (Brigo and Pallavicini (2007)) and on credit (Brigo and Chourdakis (2008)) assumed the party computing the valuation adjustment to be default-free.
Bilateral counterparty risk valuation for interest-rate products: impact of volatilities and correlations
Finally, given the theoretical equivalence of the credit valuation adjustment with a contingent CDS, we are also proposing a methodology for valuation of contingent CDS on interest rates.
Bilateral counterparty risk valuation for interest-rate products: impact of volatilities and correlations
We analyze the impact of credit spread levels and volatilities, of correlations between the underlying interest rates and defaults, and of dependence between default of the counterparty and of the investor.
Bilateral counterparty risk valuation for interest-rate products: impact of volatilities and correlations
We analyze the impact of correlations, interest-rate curve and credit spreads level and volatility scenarios on bilateral CVA calculations.
Bilateral counterparty risk valuation for interest-rate products: impact of volatilities and correlations
We proposed a possible modeling choice for addressing this, with a two-factor Gaussian model (G2++) for interest rates and shifted square root processes with possible jumps (JCIR++) for the credit spreads of investor and counterparty.
Bilateral counterparty risk valuation for interest-rate products: impact of volatilities and correlations
Interest Rate Models: Theory and Practice – with Smile, Inflation and Credit.
Bilateral counterparty risk valuation for interest-rate products: impact of volatilities and correlations
We report the yield curve term structure and swaption volatilities used to calibrate the interest-rate and credit-spread dynamics in Sections 3.1 and 3.2.
Bilateral counterparty risk valuation for interest-rate products: impact of volatilities and correlations
Brigo, D. and Mercurio, F. (2006), Interest Rate Models: Theory and Practice (with Smile, Inflation and Credit), Springer-Verlag, Berlin.
Security Pricing with Information-Sensitive Discounting
Brody, D. C., Hughston, L. P. and Macrina, A. (2007), “Beyond Hazard Rates: A New Framework to Credit Risk Modelling”, in Advances in Mathematical Finance, Festschrift Volume in Honour of Dilip Madan (eds Elliott R., Fu, M., Jarrow, R. and Yen, J. Y.), Birkh¨auser, Basel.
Security Pricing with Information-Sensitive Discounting
They face the problem in a pragmatic way by considering each forward rate as a single asset without investigating the complex dynamics involved by liquidity and credit risks, although a temptatives are made in Morini (2009) and Morini and Prampolini (2010).
Interest-Rate Modeling with Multiple Yield Curves
***