Now prior to approval of a Resolution Plan, the Resolution Applicants, including promoters, will be put to a stringent test with respect to their credit worthiness and credibility; Amendments to the IBBI (Insolvency Resolution Process for Corporate Persons) Resolution Process, 2016 impose a greater responsibility on the Resolution Professionals and the Committee of Creditors in discharging their duties.
Summary: DUBAI - Dubai Electricity and Water Authority, the emirate's utility monopoly known as DEWA, had its credit worthiness raised by one level to Ba1 at Moody's Investors Service, on expectations of revenue growth.
Summary: ABU DHABI: The United Arab Emirates President Sheikh Khalifa bin Zayed al-Nahyan approved Monday the launch of an office to assess individuals' credit worthiness, which an official said should help banks make better lending decisions.
The best view on judging the credit worthiness of a small business comes from a sophisticated blending of the personal credit information of business owners along with the credit information on the business itself.
floating rate financing, risk-sharing arrangements, credit worthiness of the Lender Representative, and the Lender Representative's ability to provide additional financing or equity from their own resources.