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49473
Jita Trade and Research Institute
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Posted - 2010.10.03 13:23:00 -
[1]
The Jita Trade and Research Institute will now offer to the public its own credit ratings for IPOs, bonds, loans and any other securities posted.
What is a Credit Rating?
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A credit rating is the result of an assessment of the credit worthiness of a corporationÆs debt issues.
For the purpose of credit ratings contained herein, the Jita Trade and Research institute defines credit rating as such;
Quote:
It is an evaluation made by a credit rating agency from data about individual borrowerÆs overall credit history and the credit history of any particular group to which that borrower might belong.ö
Jita Trade and Research InstitutesÆ credit rating methodology
Details on the methodology used can be found in the document linked below:
IPOs/Bonds: Analysis and introduction to Credit Ratings
Document does reflect the general credit rating methodology, however it may not precisely reflect improvements made because of private/public discussion; all changes however will be mentioned in the discussion thread.
Discussion of the credit rating methodology used can be found in the document linked below:
Discussion thread
If you would like to discuss the methodology used, or make enquiries as to details not given n the document please use the thread linked above.
Details of JTRI disclosure can be found in the document linked below:
Jita Trade and Research Institute Credit Rating Disclosure
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49473
Jita Trade and Research Institute
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Posted - 2010.10.03 13:25:00 -
[2]
Edited by: 49473 on 03/10/2010 13:52:09
Edited by: 49473 on 03/10/2010 13:30:18
Credit Ratings:
This will be updated semi-regularly, and requests can be made for updates to particular credit ratings.
2010.10.01- Production Bond: 20B - 4%
Thread
This IPO/Bond receives a BBB- credit rating. This investment is/has Lower medium grade and is Investment Grade.
2010.09.30 - Bond offer: half left - one day to reserve - 10% + 25% profit
Thread
This IPO/Bond receives a CCC credit rating. This investment is/has Extremely speculative and is Non-Investment Grade.
2010.07.28 - BSAC Stock Exchange - Cash Reserve
Thread
This IPO/Bond receives a A credit rating. This investment is/has Upper medium grade and is Investment Grade.
Historic Credit Ratings document:
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49473
Jita Trade and Research Institute
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Posted - 2010.10.03 14:24:00 -
[3]
Originally by: Kylria Ruiz
The link to the 2010.07.28 - BSAC Stock Exchange - Cash Reserve A rated is linking to the CCC rated thread.
Thank you, corrected.
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49473
Jita Trade and Research Institute
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Posted - 2010.10.03 14:27:00 -
[4]
Originally by: Dethmourne Silvermane
Out of curiosity, how would JTRI rate me, historically?
Please link a historic IPO/Bond you would like rated; however the rating will be more accurate than usual because your offering is more than likely contained in the data.
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49473
Jita Trade and Research Institute
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Posted - 2010.10.03 17:40:00 -
[5]
Originally by: Dethmourne Silvermane
Here's one.
Haiku Bond
This IPO/Bond receives a BBB credit rating. This investment is/has Lower medium grade and is Investment Grade.
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49473
Jita Trade and Research Institute
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Posted - 2010.10.05 17:10:00 -
[6]
Quote:
Actually I have
1) You have no, or at most very very little, practical experience with investing in MD to base your ratings on.
2) You do not have access to any information not already publicly available to anyone in the game. You base your credit score on nothing but a 'hunch' based on pretty much nothing.
3) You do very little research before issuing a credit rating.
4) You don't check their balance sheet. (no api)
5) You don't check their assets on hand. (no api)
6) You don't compare their offering to their time in game.
7) You don't check their market volume (can't because you don't get an api)
8) You don't check their associations (no api)
9) You don't even use eve-search on the char name to see if anything pops up that's suspicious.
So bottom line: Your credit rating is based on ... nothing ... other than forum posts. Which is a terrible tool to try to advise people what someone's 'credit rating' is.
When I accept an application to join my corporation I do a more thorough check on people than your credit rating system does. It's a complete sham which serves no purpose.
Actually you havenÆt:
1) The credit ratings are not based on my vague hunches from long term ôpractical experienceö, but rather are formed from solid methodology based on collected data. It unfortunate you continue these fallacious attacks, because it detracts from any argument against credit ratings you could make.
2) Whether or not the information is in public or not is irrelevant to its usefulness in this tier of credit ratings, you clearly havenÆt read or understood the associated documents, concepts and discussion around the credit ratings if you are to say ôbased on nothingö.
3) I have done a great deal of research, you should not mistake speed for laziness in thoroughly researching.
4) The methodology of my credit ratings has been created to work without the cooperation of any debt issuer, however I will more than likely create a second tier of credit rating that does precisely the things you have labeled as criticisms 4, 6, 7, 8.
5) Read 4
6) Actually I do
7) Read 4
8) Read 4
9) Actually I do
So bottom line: You criticisms are baseless, other than irrelevant attacks on my status as an MD investor/participant and a gross misunderstanding of the methodology you do not seem to have added anything to the discussion.
In response to your additional comment about your aptitude in corporate applications, I will add this
http://www.eve-search.com/thread/1376527/
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49473
Jita Trade and Research Institute
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Posted - 2010.10.06 17:31:00 -
[7]
Originally by: Breaker77
As I mentioned here
Your credit rating is meaninless since it has no way to show wallet transfers to known scammers.
Your credit rating could be helping a scammer or hurting a legit offering.
From now on, any rating you give in an offering (not in this thread) will be reported as spam along with a link to this thread on how you are calculating the rating. Which qualifies as spam since it is meaningless.
I encourage others to do the same.
This is an unfortunate stance you are taking, however I will continue and we will see how CCP judge my posts.
Simply because I am not privy to api data or rather that the credit ratings do not function on the basis of api data does not make them meaningless; my methodology is quite distinct from that on an auditor.
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49473
Jita Trade and Research Institute
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Posted - 2010.10.10 16:06:00 -
[8]
I am currently working out a way of adapting credit default swaps to Eve IPO/Bonds; both because I think it would be interesting and in an attempt to "put my money where my mouth is".
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