The familiar credit rating agencies are Standard & Poor's and Moody's. Different credit rating agencies have different rating standards and evaluation methods.
Generally speaking, credit rating agencies review and evaluate the credit rating of relevant companies according to their loan and repayment records, business, developing projects and other information. If a company wants to issue bonds to borrow money, if its repayment ability is low, lenders need higher returns before they are willing to lend money to the company. Therefore, the lower the credit rating, the heavier the company's loan cost; On the contrary, the higher the credit rating, the lighter the company's loan cost.
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BRICS Bank is providing RMB loans to project units in China.
Over the past four years, as an intergovernmental international financial organization focusing on emerging markets and developing countries, the New Development Bank has raised funds for infrastructure construction and sustainable development projects in BRICS countries and emerging market economies, and made important contributions to the development of energy, transportation and environmental protection.
By the end of June this year, the New Development Bank had approved 37 projects in five member countries, with a total loan commitment of about 654.38 billion US dollars, involving clean energy, transportation, infrastructure, environmental protection and other fields. In addition to US dollars, the New Development Bank also provides RMB loans to project units in China, which is expected to be extended to other member countries in the future.
At the same time, the new development bank has obtained AA+ ratings from two international credit rating agencies, so that it can raise funds at competitive interest rates in international and domestic capital markets. At present, 6 billion yuan bonds have been issued in the inter-bank bond market in China.
Baidu encyclopedia-credit rating
People's Daily Online-Li Daokui became the first chief economist of BRICS.