Deposits — Secretarial Practice STD 12 Commerce / Arts — Question
Maharashtra BoardEnglish MediumSTD 12 Commerce / ArtsSecretarial PracticeDeposits2 Marks
Question
Credit Rating
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Answer
Credit rating is an estimate of the ability of the organization to fulfill its financial commitments.
Every company has to get a credit rating of its deposits through a Credit Rating Agency.
The Credit Rating Agency considers the net worth of the company, liquidity position, ability to repay deposits on time, etc., and accordingly gives a rating.
The rating shall be obtained every year during the tenure of the deposits.
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