a rating agency Fitch Ratings- 2019 წლის თებერვლის ბოლოს საქართველოს სუვერენული საკრედიტო რეიტინგი ერთი ნიშნულით improved. The country has so far been granted Category BB-, BB minus rating has improved as a result without, assessed the prospect of steadily. Two years earlier, 2017 In September, the "Big Three" of the second member, სარეიტინგო სააგენტო Moody’s-მა ამავე კატეგორიის რეიტინგში საქართველო Ba3- from putting up Ba2-. what does this mean? What are these agencies, რას ითვლიან ისინი და რატომ არის მათი რეიტინგები მნიშვნელოვანი?
What's Rating? How to consider and use it?
Credit Rating Company estimates, region (Municipality) or the solvency (ability to return debts).
Credit ratings are calculated from the above market participants, past and current financial history, as well as their assets and financial liabilities (debt) Based on the evaluation.
The main purpose of the rating potential lenders / investors subject ratings (Company, municipality or county) Estimated financial obligations on a timely service.
Who sets ratings?
rating agency, also known as a credit rating agency. He gives credit ratings, which shows the ability of the debtor to discharge the debt.
Credit rating to the high concentration of industry. The three companies control 95% of the international market. them in this industry, "Big Three" are called.
Currently around the world 100 rating agencies.
Which companies are the "big three"?
In this market, the main players of the so-called "big three" are. these are: Fitch Ratings, Moody's and Standard &Poor’s.
Each of these sets as international, National ratings to dozens of countries and hundreds of public and private financial and non-financial institutions. Almost the same grading scale, Although somewhat different in purpose and methodology.
briefly about Fitch Ratings-
Fitch Ratings-fi included in the composition of the group of Fitch Solutions- Fitch and Fitch Learning- with. Company 1913 Founded. Fitch Ratings-ი, its rating scale, 3100 Financial institutions, 1600 Bank, 1400 Insurance companies, 1200 Corporation, 89 State and 45 000 The municipality estimates. The agency employs more than 2,000 people.
Fitch Ratings-'s international credit ratings of AAA is the highest rate, which means that, In this case, the credit risk is the lowest. This category will only be issued, If the financial obligations, is particularly high.
BBB is a good indicator of creditworthiness, accompanied at the time of the credit risk and low probability of financial obligations on time performance with adequate skills. sustainable solvency and favorable business or economic affairs determines.
CCC category in case of securities-related obligations are, the default of the law of any obligation to survive is real. financial liabilities in case of default is likely CC-. Category C means, that obligations are, But a default is inevitable.
RD's rating indicates, the issuer (Bank, facility, central or local government body, which allows the circulation of securities and their owners to take on certain responsibilities) certain financial liabilities (the grace period) not fully covered, However, some financial obligations continues.
Category D is assigned to the issuer or to the state, that all of his financial obligation to the default states.
The forecast may be positive, stable or negative. By evaluating the used plus (+) or minus (-).
Curiously, International rating organization that the country's rating can not be higher. National ratings are relative. Here is the top-rated in the local market or the most reliable borrowers.
Briefly about Moody's-
was founded 1909 in, combines 4 500 employee, financial situations 100 and observing the country 170 000-over state and corporate securities will learn. Moody's sets international and national ratings.
Moody's international rating of Aaa, Aa, A and Baa, Ba, B, Caa, That, C კატეგორიები გამოიყოფა.
Briefly Standard &About Poor's-
The Company History 1860 begins in. it 6 300 combines employee. მან შექმნა საბირჟო ინდექს Standard &Poor's-'s series, American and international market that is intended for securities.
Standard &Poor's-'s international ratings are AAA, AA and A, BBB, BB and B, CCC, CC and С, SD and D categories.
AAA is the highest rating, which means that, the country is the financial debts in a timely manner and fully covers.
BBB financial debt on time and in full repayment of ample opportunity. However, it is characterized by commercial, Financial and economic direction of the high sensitivity to adverse changes.
CCC – For the moment there is a potential risk, The issuer of a financial liability that can not be covered and it was largely favorable commercial, financial and economic conditions is dependent on.
SD category of selective default on the duty of the Financial, However, other debts continues.
Category D is a complete default, It includes financial liabilities verdaparvas.
Standard &Poor's-'s forecasts are accompanied by ratings, are next 2-3 On the assessment of companies and countries to reflect.
The ratings improvement for ordinary citizens to change?
The banking sector estimates, Fitch- company's improved credit rating clearly positive, This change will reduce their foreign credit resources.
Analysts Opinion is split. One part of, This directly to ordinary citizens, and especially, In the near future will not affect, because, They say, This is one but not the only component, that the country could be a serious change in generating.
The second part of the opinion, This change in the country (of Georgia) increasing interest of investors and the interest rate will affect the, It means reducing the. This opinion is in fact established, that international organizations issuing credits to countries with related risk factors and take into account the individual interest rates on the international ratings determine. Accordingly, თუ ქართული ბანკები თანხებს უფრო ნაკლებ ფასად მოიზიდავენ, their interest rate on loans will be reduced.