Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. explain why credit ratings are important to the us

Explain why credit ratings are important to the users offinancial statements, specifically credit underwriters...

70.2K

Verified Solution

Question

Accounting

Explain why credit ratings are important to the users offinancial statements, specifically credit underwriters and howthese impact ability to obtain debt upon request.

Answer & Explanation Solved by verified expert
4.4 Ratings (795 Votes)
Credit Rating act as a link between Risks and return It tells and shows a clear image o the borrower and his paying capability so that the investors know very well where are they investing their funds Credit Rating is of utmost importance to users of financial    See Answer
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Zin AI - Your personal assistant for all your inquiries!
Become a Member

Transcribed Image Text

In: AccountingExplain why credit ratings are important to the users offinancial statements, specifically credit underwriters and...Explain why credit ratings are important to the users offinancial statements, specifically credit underwriters and howthese impact ability to obtain debt upon request.

Other questions asked by students

Q

Consider the system of equationsdx dt = x(1-x 2-y)dy dt = y(1-y 3-x),taking (x, y)...

Calculus
Q

What is three equation model in economics?

Economics
Q

Describe the process of job analysis, components of a job description, and those of a job...

General Management
Q

Match the explanation for the origins of fossils with the correct description neoplatonism organic origin...

Biology
Q

1 What are the main differences between analog and digital signals 2 What are the...

Basic Math
Q

Identify the figure as a line half line ray line segment open I B G...

Calculus
Q

enamour company purchased a new car for use in its business on january 1, 2020....

Accounting
Q

Q1: Personal Assessment Computation 2018/19 for Tony and May. (Assume that the...

Accounting
Q

How would accounting reports help entrepreneurs obtain finance?

Accounting
Q

Completing the Accounting Cycle 227 A Preparing financial statements including a classified balance sheet in...

Accounting
Q

Problem 4-12 (Algo) Calculating activity and profitability ratios (L04-10] Financial statements for Askew Industries for...

Accounting
Q

Golden Enterprises started the year with the following: Assets $115,000; Liabilities $40,000; Common Stock $70,000;...

Accounting