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For companies, Equifax and Experian rate creditworthiness.
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"Only a Class A, top Moody's rating for creditworthiness rates a zero security deposit".
In addition to rating insurers' creditworthiness, the agencies also rate their "financial strength," a reference to their ability to fulfill their promises to policyholders.
Among the leading suspects are the firms that rate the creditworthiness of bond issuers.
Two services that rate the creditworthiness of companies -- Moody's Investors Service and Standard & Poor's -- have for the first time assigned ratings to the Publicis Groupe, Paris.
In preparation, it hired Standard & Poor 'sto rate its creditworthiness and ability to repay; last week, the agency gave Vietnam a BB-, a somewhat speculative rating on a par with Bulgaria and Belize, but above Turkey and Indonesia.
LONDON — Hammered by a slew of downgrades by the international ratings agencies, European governments and banks are moving to further tighten the rules on how these institutions rate their creditworthiness.
They demand regulation and accurate accounts that price assets at market values; they want loans to be backed by collateral and covenants; they ask specialist agencies to rate borrowers' creditworthiness; and so on.
The firms that rate the creditworthiness of banks say the likelihood of a government rescue hasn't gone away.
These agencies rate the creditworthiness of governments, companies and individual securities, allowing investors to better understand the risk of their investments.
Some experts say that tailoring rates to creditworthiness may be a result of a welcome democratization of credit, in which consumers with black marks like garnishments or liens on their records are no longer necessarily rejected.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com