Understanding S&P, Moody’s, and Fitch: The Big Three Credit Rating Agencies
Credit rating agencies play a crucial role in the global financial system. They assess the creditworthiness of entities, including governments, corporations, and financial instruments, providing investors with insights into the risk associated with lending money or investing in bonds. Among the many credit rating agencies, three stand out as the most influential: Standard & Poor’s (S&P), Moody’s,…