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- DictionaryCred·it rat·ing/ˈkredət ˌrādiNG/
noun
- 1. an estimate of the ability of a person or organization to fulfill their financial commitments, based on previous dealings.
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Evaluation of the credit risk of a prospective debtor, predicting their ability to pay back the debt, and an implicit forecast of the likelihood of the debtor defaulting
A credit rating is an evaluation of the credit risk of a prospective debtor, predicting their ability to pay back the debt, and an implicit forecast of the likelihood of the debtor defaulting. The credit rating represents an evaluation from a credit rating agency of the qualitative and quantitative information for the prospective debtor, including information provided by the prospective debtor and... Wikipedia