LO 18.1: Describe the role o f ratings in credit risk management.

LO 18.1: Describe the role o f ratings in credit risk management.
Credit ratings measure a borrowers creditworthiness. They are critical in ensuring that (1) borrowers can access capital markets, (2) the various risks of value creation are appropriately managed, and (3) the economic performance of business units can be compared.
C l a s s i f i c a t i o n s o f C r e d i t R i s k

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