engleski

External Assessment of Enterprise Creditworthiness

To be acquainted with business partners became of crucial importance. Systemic and profound assessment of their creditworthiness is one possible way to get solid information. The needs for such kind of information have encouraged the development of several rating agencies which assess creditworthiness of enterprises besides banks, larger firms and other institutions (e.g. insurance companies). Because of worsened situation on financial markets the renewal of the so called Basel Accord is needed. The time when Basel II is coming into force is near. The paper puts attention to the first of three pillars, to so called minimum capital standards. The pillar relates to the assessment of bank customers and to external ratings made by rating agencies, as well as to internal ratings made by banks themselves. New rules demand holistic and accurate assessments and therefore rethinking of methodology.

external rating ; creditworthiness

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