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German to English translations [PRO]
Bus/Financial - Finance (general) | | German term or phrase: auf 'B' setzen | Context: Rating - was heisst das fuer die Branche, wenn die Grossbanken die Bauzuliefererindustrie auf 'B' setzt.
Does anybody know what 'B' stands for in this context? |
| TRANSRAPIDKudoZ activityQuestions: 155 (none open) ( 1 without valid answers) Answers: 268
| Local time: 03:12
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| | assign a 'B' rating | Explanation:
Generally, there are two types of rating - internal and external. The fundamental idea behind this concept is to devise a single indicator for a company's (country's, debtor's, etc.) creditworthiness.
Internal ratings (and this sounds like one of them) are devised by each bank individually; most internal rating systems cover credit/counterparty risks, as well as country risks. "B" is not an abbreviation, but a rating level (probably on a scale from "A" to whatever). The difficulty with internal ratings is that you would need to know the rating system to ascertain what exactly "B" means (the good news is that you don't need that knowledge to translate this...).
External ratings are published by agencies such as Standard & Poors, Moody's or Fitch IBCA; the top rating level is "triple-A" (AAA or Aaa), going down to AA, A, BBB, etc. These are the so-called "investment grades" (=securities issued by such companies are supposed to be worth buying - the Enron case has demonstrated that these ratings cannot always be taken at face value). Bonds with a rating below that are often referred to as "high yield securities" (guess why) or - less diplomatically - junk bonds...
More recently, ratings have come into focus as a result of the "Basel II" accord on capital adequacy, under which banks' capital backing requirements for loans to corporate customers will depend on the external rating of those customers (probably from 2005).
HTH - best regards, Ralf |
| Selected response from:
 Ralf Lemster
Germany
Local time: 04:12
| Grading comment Many thanks Lemster for helping me out once again!!
Absolutely fabulous!!!!!!
4 KudoZ points were awarded for this answer |
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| Discussion entries: 0 |
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Automatic update in 00:
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30 mins confidence:  peer agreement (net): +3 assign a 'B' rating
Explanation:
Generally, there are two types of rating - internal and external. The fundamental idea behind this concept is to devise a single indicator for a company's (country's, debtor's, etc.) creditworthiness.
Internal ratings (and this sounds like one of them) are devised by each bank individually; most internal rating systems cover credit/counterparty risks, as well as country risks. "B" is not an abbreviation, but a rating level (probably on a scale from "A" to whatever). The difficulty with internal ratings is that you would need to know the rating system to ascertain what exactly "B" means (the good news is that you don't need that knowledge to translate this...).
External ratings are published by agencies such as Standard & Poors, Moody's or Fitch IBCA; the top rating level is "triple-A" (AAA or Aaa), going down to AA, A, BBB, etc. These are the so-called "investment grades" (=securities issued by such companies are supposed to be worth buying - the Enron case has demonstrated that these ratings cannot always be taken at face value). Bonds with a rating below that are often referred to as "high yield securities" (guess why) or - less diplomatically - junk bonds...
More recently, ratings have come into focus as a result of the "Basel II" accord on capital adequacy, under which banks' capital backing requirements for loans to corporate customers will depend on the external rating of those customers (probably from 2005).
HTH - best regards, Ralf
Own professional experience in the financial markets
| Ralf Lemster
Germany
Local time: 04:12
Specializes in field
Native speaker of:  German
PRO pts in category: 707
|
| | Grading comment Many thanks Lemster for helping me out once again!!
Absolutely fabulous!!!!!! |
|
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