#creditworthiness — Public Fediverse posts
Live and recent posts from across the Fediverse tagged #creditworthiness, aggregated by home.social.
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US loses last perfect credit rating amid rising debt
https://www.bbc.com/news/articles/c4ge0xk4ld1o
#HackerNews #UScreditrating #debtcrisis #financialnews #economicimpact #creditworthiness
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US loses last perfect credit rating amid rising debt
https://www.bbc.com/news/articles/c4ge0xk4ld1o
#HackerNews #UScreditrating #debtcrisis #financialnews #economicimpact #creditworthiness
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Sure, it's good to promote healthier life #habits, but doing so via #CreditScore still seems to be a way to punish the #poor for being poor (and thus having to do grocery irregularly, esp. for those living check-to-check). Also, desire to seek more #correlation with #creditworthiness will result in more and more factors being collected, furthering various biases... Not to mention #privacy...
https://theconversation.com/no-credit-score-a-grocery-list-could-be-the-next-best-thing-234887
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Sure, it's good to promote healthier life #habits, but doing so via #CreditScore still seems to be a way to punish the #poor for being poor (and thus having to do grocery irregularly, esp. for those living check-to-check). Also, desire to seek more #correlation with #creditworthiness will result in more and more factors being collected, furthering various biases... Not to mention #privacy...
https://theconversation.com/no-credit-score-a-grocery-list-could-be-the-next-best-thing-234887
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Fitch downgrades US credit rating from AAA to AA+ - BBC News
#Fitch, one of three major independent agencies that assess #creditworthiness, downgraded it from the top rating of AAA to #AA+.
Fitch said it had noted a "steady deterioration" in governance over the last 20 years.
Treasury Secretary Janet Yellen called the downgrade "arbitrary".
It was based on "outdated data" from the ( Trump ) period 2018 to 2020, she said.
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Fitch downgrades US credit rating from AAA to AA+ - BBC News
#Fitch, one of three major independent agencies that assess #creditworthiness, downgraded it from the top rating of AAA to #AA+.
Fitch said it had noted a "steady deterioration" in governance over the last 20 years.
Treasury Secretary Janet Yellen called the downgrade "arbitrary".
It was based on "outdated data" from the ( Trump ) period 2018 to 2020, she said.
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Not waiting for the #SEC:
"#Fitch Ratings this week said it would review the impact of #ClimateChange on the #creditworthiness of more than 1,600 companies. Nearly 20% of those companies could have their #credit ratings cut as a result, according to an initial Fitch estimate. These companies will have to change the way they do business or potentially face higher #borrowing costs."
#ClimateRisk #MoneyPipeline #ESG
https://www.bloomberg.com/opinion/articles/2023-03-28/fitch-recognizes-climate-threat-that-gop-ignores -
Not waiting for the #SEC:
"#Fitch Ratings this week said it would review the impact of #ClimateChange on the #creditworthiness of more than 1,600 companies. Nearly 20% of those companies could have their #credit ratings cut as a result, according to an initial Fitch estimate. These companies will have to change the way they do business or potentially face higher #borrowing costs."
#ClimateRisk #MoneyPipeline #ESG
https://www.bloomberg.com/opinion/articles/2023-03-28/fitch-recognizes-climate-threat-that-gop-ignores