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Why do rating agencies use symbols like AAA, AA, rather than give marks or descriptive credit opinion?

April 26, 2017AA AAA agencies credit Descriptive marks Opinion rating Symbols

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Why do rating agencies use symbols like AAA, AA, rather than give marks or descriptive credit opinion?

1 Answer

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The great advantage of rating symbols is their simplicity, which facilitates universal understanding. Rating companies also publish explanations for their symbols used as well as the rationale for the ratings assigned by them, to facilitate deeper understanding.