Generic credit spread(redirected from Generic Credit Spreads)
Generic credit spread
Generic Credit Spread
The difference in yield between two debt securities with the same features except riskiness. That is, the generic credit spread is the difference between a yield on a debt security with a given credit rating and the yield on another with the same coupon rate and maturity but a different credit rating. In all cases, the riskier debt security will have a higher yield. It is also simply called a credit spread. See also: Risk premium.