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(a) What is an External Credit Assessment Institution? (3 Marks) (b) Outline and describe three types of External Credit Assessment Institutions, giving examples. (3 Marks)

(a) What is an External Credit Assessment Institution? (3 Marks) (b) Outline and describe three types of External Credit Assessment Institutions, giving examples. (3 Marks) (c) Explain why market participants use and rely on External Credit Assessment Institutions (4 Marks) (d) Outline and explain five main types of credit rating assessments. (15 Marks

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