Interested in Language
Could anyone tell me the meaning of the "non-partisan scoring agencies" in the following context?
"The basic nature of the Social Security problem is not one in which there is significant disagreement among the non-partisan scoring agencies. The Social Security trustees, the Congressional Budget Office, the General Accounting Office"
Sorry, what I meant is "Credit Scoring Agencies", a financial term?
Last edited by Deepurple; 15-Sep-2009 at 23:31.
Rating (Scoring) agencies operate as a financial services company. Their products and services include credit ratings, equity research, S&P indices, funds ratings, risk solutions, governance services, evaluations, and data services. They serve institutional professionals, financial institutions, corporations, financial advisors, and individual investors worldwide. They also work as credit rating agencies (CRA), to issue credit ratings for the debt of public and private corporations including those providing Social Security to public such as Insurance companies. Rating is a symbolic indicator of current opinion (impartial) on the relative capability of the corporate entity concerned to timely service debts and obligations. This Rating is based on an objective analysis of the information and clarifications obtained from the entity, as also other sources considered reliable by the Agency concerned and the entire effort is termed as scoring process. There are a large number of such agencies operating world wide, important among them being: Fitch, Moody's and Standard and Poors which have been by accepted by Government of America as well as some other states as non-partisan scoring agencies and are allowed to fill a quasi-regulatory role
Last edited by sarat_106; 16-Sep-2009 at 08:26.