What is Derogatory Information?
Derogatory Information Negative data on a borrower's credit report such as late payments, defaults, or bankruptcies, which adversely affect credit assessment and lending decisions.
Source: CFA Institute, IFRS Foundation, FASB (GAAP), Basel III Framework
How is “Derogatory Information” Used in Practice?
Lenders review derogatory information in credit reports such as loan defaults and overdue accounts before approving new credit facilities.
Certification Exam Relevance
Who Needs to Know This Term?
- Financial Analysts
- Bankers
- Traders
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What is Derogatory Information?
Negative data on a borrower's credit report such as late payments, defaults, or bankruptcies, which adversely affect credit assessment and lending decisions.
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