credit rating

credit rating definition - business

credit rating

A grading of a borrower's ability to meet financial obligations in a timely manner. Credit ratings are established by lenders and by independent agents for companies, individuals, and specific debt issues. See also bond rating.

The American Heritage® Dictionary of Business Terms Copyright © 2009 by Houghton Mifflin Harcourt Publishing Company. Published by Houghton Mifflin Harcourt Publishing Company. All rights reserved.

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