What is Credit Score?
Credit Score A numerical rating derived from a borrower’s credit history, used by lenders to assess creditworthiness and risk in granting loans or credit products.
Source: CFA Institute, IFRS Foundation, FASB (GAAP), Basel III Framework
How is “Credit Score” Used in Practice?
Financial institutions rely on credit scores to evaluate loan applications and set interest rates, with higher scores indicating lower perceived risk.
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Who Needs to Know This Term?
- Financial Analysts
- Bankers
- Traders
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What is Credit Score?
A numerical rating derived from a borrower’s credit history, used by lenders to assess creditworthiness and risk in granting loans or credit products.
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