Creditworthiness in the system comes not from accumulating but from use and achieving a balance of contribution and consumption.
While the credit agency did express concern about Australia's level of external debt it noted that this is "mostly generated by the private sector" and reflects "the productive investment opportunities available in Australia, foreign investor confidence in Australia's rule of law, the high creditworthiness of its banking system, and the positive yield available on highly rated debt".
Indeed, digital footprints can also help China's fledgling financial system predict creditworthiness among millions of people without financial records.
In this case, the local banks are 'immersed' in the territory and are able to collect information about the qualitative aspects of small business owners that are difficult to quantify in a standardized system of creditworthiness assessment (Bonaccorsi di Patti and Gobbi 2001).
He created a rudimentary system for appraising creditworthiness based on things like marital status, age, citizenship and income.
These difficulties have increased in recent years partly because of the economic crisis that has made venture capitalists more risk averse and has contributed to a gradual tightening of the assessment systems of firm creditworthiness adopted by financial intermediaries.
The result was a rapid erosion of confidence in the Russian rouble, in the Russian banking system, and in the creditworthiness of the Russian government.For Mr Yeltsin, the worst of all worlds has followed.
This, in and of itself, is the same reason why On Deck developed its own scoring system for a business' creditworthiness — because so many banks rely on personal credit score to evaluate a business owner's credit.
The financial system communicates information about borrowers' creditworthiness.
Swedish and Finnish banks, which own the bulk of Latvia's banking system, could find their own creditworthiness suffering.
