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In what ways do users rely on credit ratings? Should their reliance be reduced? Why or...

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Finance

In what ways do users rely on credit ratings? Should theirreliance be reduced? Why or why not?

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Credit rating agencies such as SP Moodys and Fitch rank debt securities based on the creditworthiness of the issuer Credit Ratings An assessment of the credit worthiness of a borrower in general terms or with respect to a particular debt or financial obligation Are forwardlooking opinions about credit risk an opinion about the ability and willingness of an issuer such as a corporation or    See Answer
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In what ways do users rely on credit ratings? Should theirreliance be reduced? Why or why not?

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