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Simple English definitions for legal terms
Standard & Poor's
Read a random definition: audit
A quick definition of Standard & Poor's:
Standard & Poor's is a company that helps people decide if a business is financially strong or not. They give grades from AAA (the strongest) to CCC, and sometimes add a plus or minus sign to show how strong the business is compared to others. If a business has an R rating, it means there is some kind of problem with the way it is being regulated.
A more thorough explanation:
Standard & Poor's is a service that provides investment analysis and advice. It rates the financial strength of businesses on a scale from AAA (strongest) to CCC. The ratings may also include a plus or minus sign to indicate the company's relative strength among similar businesses. If a company has an R rating, it means that it is the subject of some regulatory action.
For example, if a company receives an AAA rating from Standard & Poor's, it means that it has a very strong financial position and is likely to be a good investment. On the other hand, if a company receives a CCC rating, it means that it has a weak financial position and may not be a good investment.
Standard & Poor's ratings are used by investors to make informed decisions about which companies to invest in. By providing objective ratings of a company's financial strength, Standard & Poor's helps investors to minimize their risk and maximize their returns.