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credit rating |
Also found in: Dictionary/thesaurus, Medical, Acronyms, Encyclopedia, Wikipedia, Hutchinson | 0.03 sec. |
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Credit Rating An assessment of the credit worthiness of individuals and corporations. It is based upon the history of borrowing and repayment, as well as the availability of assets and extent of liabilities. Notes: Credit is important since individuals and corporations with poor credit will have difficulty finding financing, and will most likely have to pay more due to the risk of default. See also: Bond Rating, Credit Enhancement, Credit Risk, Default Risk, Impaired Credit, Insurance Score, Rating Credit rating An evaluation of an individual's or company's ability to repay obligations or its likelihood of not defaulting See: Creditworthiness.
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Our Committee on Corporate Finance (CCF) was an early and forceful advocate of the Credit Rating Agency Reform Act of 2006. ``Today's action by Fitch reaffirms what the financial markets and credit rating agencies have been saying for some time now: The state's credit rating will not be fully restored until the budget is truly balanced and the state's deficit spending is brought to an end,'' Angelides said in a written statement. Credit rating is in focus because of high profile credit problems and the New Basel - II Proposals. |
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credit rating
