Credit rating is a very important place in the financial system, which can generally be divided into four categories: enterprise credit rating, securities credit rating, project credit rating and national sovereign credit rating.
It should be noted that not every company will engage in credit rating, and they will not spend money to do credit rating if they do not issue bonds and other securities that require credit.
But there's also the case of financial institutions like Orest, where they spend their own money, find an authority to give them a credit rating, and then, if the credit rating is good, a lot of things can be much easier.
For example, the issuance of bonds, the role of publicity, and the interest rate of capital borrowing There is a layman who knows at a glance that there is a tricky place, that is, the cost of credit rating is paid by the institution that needs to be assessed, that is to say, OREST engages in credit rating, and the required fee is paid by OREST, so there is room for operation in this rating.
Before Lei Hao became the owner of Orest, the company did a credit rating, looked for Standard & Poor's, got an A grade, and then the very hay Orest had a sum of money on the account, and it was self-evident to whom.
But the problem also arises, Orest gives money, Standard & Poor's gives a rating, but the rating is not set in stone, and the rating agency adjusts your credit rating according to the actual situation while the rating fee is in effect.
As a result, after OREST defaulted on its debt some time ago and the client's assets suffered a large loss due to "technical issues", the rating agency downgraded Orest's credit rating.
It's called paying for sin.
"If I don't lag behind in the news channel, Orest's new credit rating will be BB, well, it is said that there is still room for downward adjustment."
Keith sat there, and the old god spoke.
There was silence in the box, Lei Hao could have done something almost difficult today, but with the presence of Keith, the situation was a little different.
The BB rating is two levels away from the A grade, and getting this rating indicates that OREST has a poor degree of credit, average corporate assets and financial status, and has more bad credit records.
It can be said that even if Orest goes to the bank for a loan, even if the bank lends, it needs to pay a higher interest rate to get the funds.
In the financial circle, Orest is no longer able to obtain certain contracts and undertake certain securities sales, and the credit rating also warns investors that Orest's business risks are high.
"We just got an epic win in the stock market."
Fawkes said with a pretended lightheartedness.
"Yes, but Fox, don't forget, Standard & Poor's has permission from Orest to see how you're doing, and they're probably going to think that your way of doing things is too risky."
Keith continued to slap in the face.
Lei Hao rubbed his forehead, a little helpless.
That's right, the company has made a lot of profits, but the iron law of the financial circle is that the greater the return, the greater the risk you take, you made money this time, but others say that your operation method is too aggressive, and the risk control is not good, is it wrong?
From his own point of view, Lei Hao does not feel that these operations are hugely risky, but if the credit rating agencies had known, they would have stopped doing credit ratings a long time ago and changed to securities investment.
It's a dead knot.
"The parent company, EI, has a lot of money, and Lei and Leo are well-known investors."
Fox explained.
"Yes, but they're extremely aggressive investors, and you know, as far as I know, Mr.
Lei has been fined more than two million dollars in China for illegal operations.
You know, the financial controls in the United States are much stricter than those in China. ” "I remember that Standard & Poor's originally rated the subprime mortgage bonds as AAA," Lei Hao began to feel a little annoyed, not only by the rating agencies, but also by Eden and Keith, the two guys who came to dismantle the stage.
"Haha, yes, it's still A and AA now.
Relieved.
Speaking of this, there was a burst of laughter in the box, the subprime mortgage crisis has only passed for a while, and the credit rating agency is just when it is hung up and pumped wildly, and the problem of giving credit rating when receiving money has been completely exposed in the eyes of everyone inside and outside the circle.
"But, a brokerage of the same size, why not choose a better credit rating" Keith spread his hands, made a fake apologetic expression, and said to Lei Hao: "I'm sorry, I know the purpose of Eden's here, but I think customers should have a choice." ” "Is the Oasis going to break the rules," Fawkes was so angry that he wanted to slap the table.
Orest's customers, Orest's chosen place, Orest's favors to entertain, you don't invite to come, you can bear to say some bad things with a gun and a stick, but you open your mouth to grab customers, this is a violation of the rules.
Lei Hao was also stunned, and after perceiving the silence of Lambert and Nance, he felt embarrassed.
Grabbing customers in person is equivalent to going to your house to tease your wife, and there should be very few men who can hold back that touch of green "The customer has the right to choose, and I support that statement."
Soon, Lei Hao remembered something in his heart, and immediately suppressed his anger, but hoped that Keith could successfully grab the customer.
There was a sudden embarrassment in the box.
"Mr.
Baker, Mr.
Lambert, Mr.
Nance, and Mr.
Eden, although Mr.
Keith broke the rules, we are willing to forgive him, and you can compare the terms provided by the two companies, and finally cooperate or not, hopefully it will not affect our personal relationship."
Lei Hao simply gave an assist.
I let you rob it, I let you rob the customer, and what you especially grabbed may not be the customer, but one bomb after another.
No matter how capable Oasis is, can it compare to the orest led by himself, so when customers know what kind of gains they have given up, will they feel happy at Oasis Securities?
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To paraphrase a line from the movie: I once had a financial plan with an amazing yield in front of me, and I didn't cherish it, if I could have one more chance, I would say I would accept it, and if I wanted to add a term to this contract, I wanted it to be 10,000 years.
The next thought must be: I once had a financial plan with an amazing rate of return in front of me, but a bastard fooled me, if I had one more chance, I would give that bastard a shot, if I had to add a gun model, I would like to change to a bazooka" Fox looked at Lei Hao with a hint of helplessness in his expression.
Baker, Nance, Lambert, Eden and Keith also kept their eyes on Lei Hao, everyone is not a mediocre person, and if you think about it carefully, you can know where Lei Hao's counterattack is, and you can't help but have an evaluation echoing in your heart.
"Very confident":