STATE CREDIT RATING MARK: PRESENT DOMESTIC REALITIES
Journal Title: Фінансово-кредитна діяльність: проблеми теорії та практик - Year 2017, Vol 1, Issue 22
Abstract
The article discusses the problematic aspects of credit ratings and ranking. The economic and legal aspects of ranking relations are addressed. It is concluded that a low credit standing of Ukraine is a sign of our country’s low debt sustainability. It is proved that both for Ukraine and for economically developed countries, the issue of credit ratings is quite important, and at times problematic. The issue is related to the development of the national and international financial credit resources, and to the need of all sides involved into these relations to have the information about the borrower’s financial state; furthermore, the lender needs to be aware of the borrower’s solvency, of the potential risks the former may encounter in case the latter fails to return the funds borrowed (which may come in in various forms, i.e. loan, borrowing, etc.). It is especially important to have complete and accurate information about the borrower in case it is a state power entity (e.g., the state, and local governments, which are subjects of financial and legal relations in borrowing, issuing state and local (municipal) securities, etc). In other words, both the profit making entities that operate at their own risk, as well as public authorities, whose purpose is not gaining profit but catering to public interests, providing for state and local public funding, obtaining public revenue, etc are subject to credit ranking.
Authors and Affiliations
N. Kovalko
Keywords
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