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Credit rating is a very important part of the financial system and can generally be divided into four categories: corporate credit rating, securities credit rating, project credit rating and national sovereign credit rating.

It should be noted that not every company will conduct credit ratings. If they do not issue securities that require credit, such as bonds, they will not spend money to conduct credit ratings.

But another situation is that financial institutions like Forest spend their own money to find an authoritative agency to give them a credit rating. Then, if the credit rating is good, many things will be much easier.

For example, bond issuance, publicity and lending rates!

There is something fishy here that a layman can tell at a glance, and that is... the credit rating fee is paid by the institution that needs to be rated. In other words, Forest conducts the credit rating, and the required fees are paid by Forest. Then, this rating There is room for maneuver.

Before Lei Hao took over Forest, the company did a credit rating. The company went to Standard \u0026 Poor's and got an A grade. Then Forest, which was very happy, had a sum of money disbursed in its accounts, and it goes without saying who it was given to.

But problems also arise. Forest gave money and Standard \u0026 Poor's rated it, but the level is not static. During the period when the rating fee comes into effect, the rating agency will adjust your credit rating based on the actual situation.

As a result, after Forest defaulted on its debts some time ago and suffered large losses in customer assets due to "technical problems," rating agencies lowered Forest's credit rating.

This is called spending money to buy suffering.

"If my information channels don't fall behind, Forest's new credit rating will be BB. Well, it is said that there is room for downward adjustment." Keith sat there, and the old god said.

There was a moment of silence in the box. Lei Hao could have done something that was almost easy today, but with Keith's presence, the situation was a little different.

The BB grade is two levels away from the A grade. Obtaining this rating means that the Forest's credit is poor, the company's assets and financial status are average, and it has many bad credit records and other problems.

It can be said that even if Forest goes to the bank for a loan or a bank loan, it will still need to pay a higher interest rate in order to obtain funds.

In the financial circle, Forest has been unable to obtain certain contracts and undertake certain securities sales, and its credit rating has also reminded investors that Forest's operating risks are relatively high.

"We just had an epic victory in the stock market." Fox said, pretending to be relaxed.

"Yes, but Fox, don't forget, Standard \u0026 Poor's has Forest's permission to see how you operate, and they may think... your operation is too risky." Keith continued to slap in the face.

Lei Hao rubbed his forehead, feeling a little helpless.

Yes, the company has made a lot of profits, but the iron law in the financial circle is that the greater the income, the greater the risk. You made a profit this time, but others said that your operation method was too radical and your risk control was not good enough. OK, is there something wrong?

From his own point of view, Lei Hao does not feel that these operations carry huge risks, but if the credit rating agencies knew about it, they would have stopped doing credit ratings and switched to securities investment.

This is a dead end.

"The parent company LEI has sufficient funds, and Lei and Leo are well-known investment experts." Fox further explained.

"YES, but they are extremely aggressive investors. You know, as far as I know, Mr. Lei was fined more than two million US dollars for illegal operations in China." Keith said proudly: "Will it happen in the future? What about Forest's turn? You know, the financial regulations in the United States are much stricter than those in China."

"I remember that the credit rating given by Standard \u0026 Poor's to subprime bonds was AAA?" Lei Hao began to feel a little annoyed, not only angry with the rating agency, but also angry with Eden and Keith, the two guys who came to disrupt it.

"Haha, yes, it's still A and AA now." Baker began to hesitate, but he still spoke out to help Forest.

Speaking of this, there was a sudden burst of laughter in the box. The subprime mortgage crisis had just passed, and the credit rating agencies were being hung up and beaten wildly. The problem of giving credit ratings for money has been completely exposed to everyone inside and outside the circle. In human eyes.

"But, for a securities firm of the same size, why don't you choose one with a better credit rating?" Keith spread his hands, pretending to be sorry, and said to Lei Hao: "I'm sorry, I know the purpose of Eden and the others coming here. But I think customers should have a choice.”

"Is Oasis going to break the rules?" Fox was so angry that he wanted to slam the table.

Forest has invited customers, Forest has chosen a place, and Forest has offered favors to entertain them. It’s fine if you come uninvited. You can tolerate saying bad things with a gun and a stick, but if you open your mouth to grab customers, this is against the rules. .

Lei Hao was also stunned. After noticing the silence of Lambert and Nance, he felt embarrassed.

Stealing a customer in person is equivalent to teasing your wife at your home. There are very few men who can resist that touch of green...

"Customers have the right to choose. I support this statement." Soon, Lei Hao thought of something again and suppressed his anger. Instead, he hoped that Keith could successfully grab the customer.

There was another moment of embarrassment in the box.

"Mr. Baker, Mr. Lambert, Mr. Nance, and Mr. Eden. Although Mr. Keith broke the rules, we at Forest are willing to forgive him. You can compare the terms provided by the two companies and decide whether to cooperate or not." , I hope it will not affect our personal relationship." Lei Hao simply gave the assist.

I ask you to grab customers. What you grab may not be customers, but bombs one by one.

No matter how capable Oasis is, can it compare to the Forest he leads? Since they can't, will customers feel happy at Oasis Securities when they know how much profit they are giving up?

To paraphrase a line from the movie: There was once a financial plan with an amazing yield in front of me, but I didn’t cherish it. If I had one more chance, I would say I would accept it. If I wanted to add a time limit to this contract , I hope it is ten thousand years.

The next thought must be: There was once a financial plan with an amazing yield in front of me, but a bastard deceived me. If I had one more chance, I would give that bastard a shot. If I had to, In addition to the gun model, I hope to change the rocket launcher.

"BOSS." Fox looked at Lei Hao with a hint of helplessness in his expression.

Baker, Nance, Lambert, Eden and Keith also all focused on Lei Hao. None of them were mediocre people. If they thought about it carefully, they would know what Lei Hao's counterattack was, and they couldn't help but have a comment echoing in their hearts. .

“So confident!”