Preston & Cole: Difference between revisions
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(Created page with "'''Preston & Cole''' is a credit rating agency from South Hills. It rates the debt of governments and individual corporations. Entities strive to get a high rating from Preston & Cole because a high rating indicates that the company can be trusted to pay back their debts. Institutions such as the Concordian Stock Exchange and Auroran Stock Exchange requires an investment grade rating from Preston & Cole in order to continue selling their securities on their e...") |
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{{Infobox company
| name = Preston & Cole Global Credit Ratings Inc.
| image = Preston & Cole.png
| type = Private
| traded_as = [[Concordian Stock Exchange|CSX]]:PRC
| industry = Financial services
| hq_location = 1561 Lovecraft Road
| hq_location_city = [[Matthews]]
| hq_location_country = [[South Hills]]
| area_served = Worldwide
| key_people = Patrick Dole (CEO)
| products = {{Unbulleted list|Index benchmarks|Credit ratings}}
| services = Credit and investment assessment
| num_employees = 12,890
| parent = Preston & Cole Global
}}
'''Preston & Cole''' is a credit rating agency from [[South Hills]]. It rates the debt of governments and individual corporations. Entities strive to get a high rating from Preston & Cole because a high rating indicates that the company can be trusted to pay back their debts. Institutions such as the [[Concordian Stock Exchange]] and [[Auroran Stock Exchange]] requires an investment grade rating from Preston & Cole in order to continue selling their securities on their exchanges. Standards for debt instruments and in-the-future contracts tend to be higher due to the fact that risk of default increases over time. Preston & Cole is more hesitant to grant higher ratings for highly risky and illiquid instruments such as collateralised debt obligations.
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