The fast pace of progression in today's global souk has yielded copious problems related to increasing rivalry and complex decision making, the dearth of which can trigger off catastrophic results . The opportune accessibility of pertinent statistics packaged into useful information can help to efficiently plow on the high level of commercial activity. The escalation in borrowing and loaning by business enterprises necessitates a
universally accepted method for appraising the creditworthiness of the trading partner, occasioning usage of business credit ratings. Although, the method of credit rating is not impermeable as is evident from the colossal
scams and frauds in the recent past, but as is said “Better to do something imperfectly than to do nothing perfectly”, the stringent norms and
enhanced vigilance of credit rating agencies in addition to ethical maneuvering of the concern's operations by the business administrators can prove to be pragmatic and expedient.