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    Question

    What is a Credit Rating Agency

    (CRA)?
    A A company that assigns ratings to countries Correct Answer Incorrect Answer
    B A company that assigns credit ratings to individuals Correct Answer Incorrect Answer
    C A company that assigns credit ratings to borrowers Correct Answer Incorrect Answer
    D A company that assigns credit ratings to companies only Correct Answer Incorrect Answer
    E A company that assigns ratings to banks only Correct Answer Incorrect Answer

    Solution

    ┬аA CRA is a company that assigns credit ratings to a borrower/prospective borrower by assessing its ability to pay back the debt by making timely payment of principal and interest payments.

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