Shadow Rating

Shadow Rating

A credit rating given to a bond issue by a credit agency that is not reported to the general public. Credit ratings of bonds generally must be made public eventually, but the credit rating agency gives the shadow rating to the issuer before the issue is made. This gives the issuer an idea of the likely demand for the bonds.
References in periodicals archive ?
In conjunction with this review, the shadow rating of the A note from Park Square Building loan was downgraded and the shadow ratings of the A notes from both the Gallery at Harborplace loan and the Amsdell portfolio loan were affirmed, resulting in the these rating changes.