12-06-2004, 01:06 AM
AOA
Hi Every oneâ¦
How are you all doingâ¦I just want to ask few things regarding the credit rating agency (PACRA). When PACRA is rating any debt instruments what are the things which it consider to rate that debt instrument. I mean for audit auditors have that audit program (kind of check list) so they any one of you have any knowledge of any such program for credit rating.
I know few things which they consider that are as following
1.The financial condition of the company
2.then they also study the terms and condition of current loans of the company
3.Also they study in detail why do they need loan and what is the company condition s to pay back the loan . etc etc
But I am looking for any check list or any rating program which I can follow if I want to rate a company my self just to see how credit rating agencies work.
I will also appreciate if any one of u can mention the advantages of this Rating for the companies. I know they are restricted by law if they want to issue a public debt but still what are the advantages. I know few but want to know more..
Looking forward to positive reply from you all the way you did when last time i asked question related to "Accounting Standards in Pakistan"
Thanks and Regards
Salman Shehzad
Lecturer
Mohammad Ali Jinnah University,
Islamabad Campus.
Phone 92-51-111-87-87-87 Ext 115
Mobile 92-303-7777237
www.jinnah.edu.pk
Hi Every oneâ¦
How are you all doingâ¦I just want to ask few things regarding the credit rating agency (PACRA). When PACRA is rating any debt instruments what are the things which it consider to rate that debt instrument. I mean for audit auditors have that audit program (kind of check list) so they any one of you have any knowledge of any such program for credit rating.
I know few things which they consider that are as following
1.The financial condition of the company
2.then they also study the terms and condition of current loans of the company
3.Also they study in detail why do they need loan and what is the company condition s to pay back the loan . etc etc
But I am looking for any check list or any rating program which I can follow if I want to rate a company my self just to see how credit rating agencies work.
I will also appreciate if any one of u can mention the advantages of this Rating for the companies. I know they are restricted by law if they want to issue a public debt but still what are the advantages. I know few but want to know more..
Looking forward to positive reply from you all the way you did when last time i asked question related to "Accounting Standards in Pakistan"
Thanks and Regards
Salman Shehzad
Lecturer
Mohammad Ali Jinnah University,
Islamabad Campus.
Phone 92-51-111-87-87-87 Ext 115
Mobile 92-303-7777237
www.jinnah.edu.pk
