Companies must uphold contracts, lenders must use discretion, accounting departments must report accurate financial data and corporate insiders must conduct business responsibly (heck, even legally would do) for credit markets to work like they are intended.

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While publicly traded companies in the U.S. must make quarterly financial reports within 45 days of an accounting period's close and an annual report within 90 days, nonprofits need to issue numbers just once a year, and this data can be a year or more out of date.

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