https://padlet.com/callumworobec/pnauealb5m13 en-us 2020-03-27 21:04:05 UTC 2023-07-26 07:06:20 UTC hello@padlet.com callumworobec https://padlet.com/callumworobec/pnauealb5m13/wish/479170760 This article compares the differences and similarities between credit scores and credit ratings.  Credit ratings are often expressed as a letter grade representing the creditworthiness of a borrower.

I chose this article to gain some clarity of the actual differences between credit ratings and scores.  The main difference between these are a score is a number and a while the rating is a letter grade.]]> 2020-03-27 21:06:53 UTC https://padlet.com/callumworobec/pnauealb5m13/wish/479170760 callumworobec https://padlet.com/callumworobec/pnauealb5m13/wish/479200358 This article goes into deeper depth of what a credit rating is.  It touches on when it is used compared to a credit score, what affects your credit rating and even examples of credit ratings.

I found this article helpful drawing the line between the credit scores and credit ratings. Which are that most of the time not always individual consumers are given scores while large corporations or businesses are given a letter grade or credit rating.]]> 2020-03-27 21:40:40 UTC https://padlet.com/callumworobec/pnauealb5m13/wish/479200358 callumworobec https://padlet.com/callumworobec/pnauealb5m13/wish/479206432 A credit rating is often interchangeable with a credit score making the line between them murky.  That being said a big distinction is the difference in the grading system. ]]> 2020-03-27 21:47:32 UTC https://padlet.com/callumworobec/pnauealb5m13/wish/479206432 callumworobec https://padlet.com/callumworobec/pnauealb5m13/wish/479239056 The risks assessed on credit reports are the same as your credit score.  This article lists and explains many factors that can affect your credit score.  

I liked this article because it broke down the many reasons your credit score or rating can be lowered. To name a few factors effecting this rating can be from payment history, credit utilization, credit history length, and new credit as well.]]> 2020-03-27 22:34:09 UTC https://padlet.com/callumworobec/pnauealb5m13/wish/479239056 callumworobec https://padlet.com/callumworobec/pnauealb5m13/wish/479244006 This article from the government of Canada can help maintain and raise your credit score.  It gives you many ways to achieve your goal of having a better credit rating.

I found this article helpful for a few reasons, one being its from our government given specific tips of how to boost your credit rating. Another reason this article was helpful was the amount of ways you can approach to achieve your goal.  ]]> 2020-03-27 22:42:23 UTC https://padlet.com/callumworobec/pnauealb5m13/wish/479244006 callumworobec https://padlet.com/callumworobec/pnauealb5m13/wish/479940087 This video gives a thorough visual representation of what a credit rating is.  While also giving a complete picture of the letter grading system used for credit ratings.  

The most helpful part of this video for me was the breakdown of the credit rating grading system. Compared to credit scores the grading system is more complicated and has many grade within each risk category. ]]> 2020-03-28 20:40:33 UTC https://padlet.com/callumworobec/pnauealb5m13/wish/479940087 callumworobec https://padlet.com/callumworobec/pnauealb5m13/wish/479952807 This interview is being conducted with Standard and Poor's Director of alien business and head of corporate development.  They walk you through the process the company goes through to issue a credit report to a business from the beginning contract to the published credit rating.

This video was very helpful in the sense of getting to know where these ratings are actually coming from. In the video they touch on the physical work that is being done by their analytic teams who are the ones that actually determine the credit rating through various steps.]]> 2020-03-28 21:01:53 UTC https://padlet.com/callumworobec/pnauealb5m13/wish/479952807 callumworobec https://padlet.com/callumworobec/pnauealb5m13/wish/479958757 In this video this shows you when you an investment that would recommend researching these rating to make an educated investment.  The video also breaks down the difference between companies grading systems because they are quite similar.

I chose this video because it gave me a real scenario where you would be looking at and comparing credit ratings. I also found the way the showed the distinction between the different credit rating companies.]]> 2020-03-28 21:12:12 UTC https://padlet.com/callumworobec/pnauealb5m13/wish/479958757 callumworobec https://padlet.com/callumworobec/pnauealb5m13/wish/479969414 This video is a nice representation of what credit agencies do and shows the amount of influence these agencies can have over corporations and developing countries.  They show how the agencies favour a more particular vision of what deserves a higher rating.

I found this video helpful because it shed light on what these credit agencies do and shows how much influence these agencies have without strict regulations. ]]> 2020-03-28 21:32:25 UTC https://padlet.com/callumworobec/pnauealb5m13/wish/479969414 callumworobec https://padlet.com/callumworobec/pnauealb5m13/wish/479988174 This is a chart of the three big credit rating companies grading systems. They really aren't that different but each is unique.]]> 2020-03-28 22:11:49 UTC https://padlet.com/callumworobec/pnauealb5m13/wish/479988174 callumworobec https://padlet.com/callumworobec/pnauealb5m13/wish/479991765 As you can see S&P, Moody's and Finch make up almost all of the credit reports published.]]> 2020-03-28 22:20:30 UTC https://padlet.com/callumworobec/pnauealb5m13/wish/479991765 callumworobec https://padlet.com/callumworobec/pnauealb5m13/wish/479995503 1.  I was surprised at the complexity of the credit rating grading systems compared to individuals credit score.

2.   Seeing how you should research credit ratings when investing in government bonds or large corporations was nice to know how the grading system actually worked.

3. If I had to pass any of this knowledge on hit would be to run through the grading system so they would know what the results of these reports ]]> 2020-03-28 22:29:39 UTC https://padlet.com/callumworobec/pnauealb5m13/wish/479995503