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Date8.2.2012/Date A70225/ NumOfAM001148/NumOfAMAMENDMENTS 001148by the CommitteeCommittee on Economic and Monetary Affairs/CommitteeReport ChairmanPeter Simon/Chairman A5NrA70225/2011/A5Nr ShortTitelDeposit
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Credit rating agencies are organizations that assess the creditworthiness of individuals, companies, or governments, providing ratings that influence their ability to borrow money.
Entities that are rated by credit rating agencies or those that issue securities that require credit ratings are typically required to file information with credit rating agencies.
To fill out credit rating agencies i, the entity must gather financial data, prepare annual or quarterly reports, and ensure compliance with regulatory requirements to submit to the relevant credit rating agency.
The purpose of credit rating agencies is to provide investors with assessments of the credit risk associated with a particular entity's financial obligations.
Information that must be reported includes financial statements, operational data, and other relevant disclosures that affect creditworthiness.
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