What Is A Good Credit Rating – Tips For How To Hire

What is a Credit Rating?

Did you know everyone has a credit score which indicates how good they are paying debts? Well, your banks have a similar one called a credit rating.

A credit rating is an assessment made by an independent rating agency, of a bank’s ability to repay its debt.

Ratings, help depositors and other creditors make more informed decisions when placing money with a bank.

When rating agencies assess banks ability to repay their debts and their general soundness, they look at a range of information that is similar to the Bank Financial Strength Dashboard.

You can learn more about your bank’s credit rating on the bank financial strength dashboard.

https://bankdashboard.rbnz.govt.nz/summary

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