provisional rating(redirected from Conditional Ratings)
A bond rating that is subject to change based upon certain conditions. For example, if the project a bond was intended to finance is completed and begins generating revenue, a provisional rating is likely to increase. On the other hand, if an issuer's debt reaches too high a level, a provisional rating is likely to decrease. It is also called a conditional rating. See also: investment-grade, junk.
A bond rating conditional upon the successful completion of a specific project or the fulfillment of a stipulated condition. Also called conditional rating.