Question

What is a credit score? When and why is a credit score important?

Answer 1

Credit score is score which are given by the credot agency to the companies. Credit score will show the credibilty of the company in market because the credit score caclultaed by the companies on the various critaria like financial health of the organization, projects in the hand , Management response and others.

And credit score will show the confidance in the company by investors, Bankers and others. It means when the any company want to raise the fund from the market and people, banks and investors have to invest the money in that company than people will check the first there credit score of the any company. so it means credit score have the imporatant for raising the fund from the market, banks and for increase the credibility