Question

In a credit rating agency, who among the following can take the decision regarding change of rating of an insurer?

a.

Credit Analyst

b.

Professional rating committee

c.

CEO

d.

Members of rating agency

Answer: (b).Professional rating committee Explanation:All rating decisions, including the decision to change a rating, are taken by the professional rating committee in a credit rating agency. The professional rating committee consists of members who are adequately qualified and knowledgeable to assign a rating. Therefore, they are responsible for making decisions regarding changes in the rating of an insurer.

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Q. In a credit rating agency, who among the following can take the decision regarding change of rating of an insurer?

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