rating agency

Definitions

Accounting

  • noun an organisation which gives a rating to companies or other organisations issuing bonds

Forex

  • An independent company that specializes in assessing the creditworthiness of debt instrument issuers. Some of the major rating agency firms include Moody's, Standard and Poor's, and Fitch. A sovereign debt downgrade by any of these rating agencies can adversely affect the value of the country's currency in the forex market.
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