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Provisional Rating

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Provisional Rating
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.

provisional rating
A bond rating conditional upon the successful completion of a specific project or the fulfillment of a stipulated condition. Also called conditional rating.


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That performance earned the John Oxx-trained bay a provisional rating of 132 - with a 'p' indicating the Halifax-based experts expect him to get better.
With Darjina half a length behind, I have given her a provisional rating of 121.
Credit, too, is due to Tartan Bearer who was beaten half a length in second and was in turn 4½ lengths clear of Casual Conquest, for Phil Smith of the BHA has given New Approach a provisional rating of 126 for his Derby win.
 
 
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