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Banks will design assets to fit particular categories of risk, bending whatever connection there might previously have been between a rating applied after the fact and the level of risk.
Mr. Rader also noted that the reason the Good rating applied to the Equinox and Terrain models built after March was because General Motors made changes to the roof structure of the vehicles built after that date.
To continue with capital arbitrage, these critics—such as credit institutions will be bending whatever connection there might have been previously between a rating applied after the fact, and the level of risk being assumed.
Similar(57)
The rating applies to the country's long-term debt denominated in foreign currency.
A neutral rating applies to stocks that have risen to fair value; it does not mean the shares are expected to underperform the market significantly.
The Escape's rating applies to several structurally identical models: the Mercury Mariner, Mazda Tribute and hybrid versions of all three vehicles.
A property's assessed value, together with the tax rate applied, determines the final tax bill.
One set of rates applied until June 30; then they rose for July 1 through Dec. 31.
But these averages conceal a huge disparity in the actual rates applied in different countries.
True also shares with Crowther deep concerns about the interest rates applied to student debt.
The boundaries do not always coincide, so there are numerous combinations of tax rates applied.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com