Credit Ratings and Research
The Alacra Store is the only place to purchase credit research reports from the top three Nationally Recognized Statistical Ratings Organizations (NRSROs): S&P, Moody's, and Fitch. These special reports provide detail on the creditworthiness of an entity and the securities it issues. Ratings agencies may publish opinions on investment grade corporate debt, high-yield corporate debt, financial institution debt, convertible bonds, sovereign debt, mortgage-backed securities, asset-backed securities, municipal bonds, and special purpose vehicles.
What is credit rating?
A credit rating for a company as assigned by a credit rating agency is an assessment of the creditworthiness of that company in general or with respect to a particular debt or financial obligation. Credit rating agencies are independent firms that evaluate the creditworthiness of borrowers and assign ratings based on their assessment of the borrower's ability to meet its financial obligations. Credit ratings for companies are typically expressed as a letter grade or a numeric score, with higher ratings indicating a lower credit risk and lower ratings indicating a higher credit risk. For example, a company with a credit rating of "AAA" or "Aaa" is generally considered to have a very low credit risk, while a company with a credit rating of "D" or "C" is considered to have a high credit risk. Credit ratings for companies can be assigned to a variety of different types of securities, including bonds, commercial paper, and other debt instruments.