Credit Ratings
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Credit Ratings
by TLS Sat Sep 23, 2017 4:46 pm
Credit ratings influence the ability of PC and NPC nations to borrow from financial centers, foreign financial centers and occasional referee determined loans.
High Credit means low interest, while low credit means high interest or not being considered worthy of lending to at all.
Instead of using the real life ratings (AAAA etc), we are going for simplicity.
A Solid history of repayment on regular basis, no history of default or renegotiating terms. Interest 5%, loans up to 30 years
B Good history of repayment, with occasional renegotiating of terms. Interest 7%. loans up to 20 years
C Limited history or no history of borrowing. Interest 10%, no loan over 10 years
D Poor history with frequent renegotiation or a history of at least one default in the last 50 years. Interest 10%, no loan over 10 years
F Poor history with frequent default or renegotiation or both, interest 15%, no loan over 5 years.
High Credit means low interest, while low credit means high interest or not being considered worthy of lending to at all.
Instead of using the real life ratings (AAAA etc), we are going for simplicity.
A Solid history of repayment on regular basis, no history of default or renegotiating terms. Interest 5%, loans up to 30 years
B Good history of repayment, with occasional renegotiating of terms. Interest 7%. loans up to 20 years
C Limited history or no history of borrowing. Interest 10%, no loan over 10 years
D Poor history with frequent renegotiation or a history of at least one default in the last 50 years. Interest 10%, no loan over 10 years
F Poor history with frequent default or renegotiation or both, interest 15%, no loan over 5 years.
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