Weighted Average Credit Rating

Weighted Average Credit Rating

The average credit rating of the bonds in a bond fund or a portfolio consisting entirely of bonds. This credit rating is weighted for the percentage each bond represents in the fund or portfolio. As with individual bonds, the higher a bond fund's weighted average credit rating, the less risk and the lower return it carries.
References in periodicals archive ?
As of March 31, 2018 and December 31, 2017, Horizon's loan portfolio had a weighted average credit rating of 3.0, with 4 being the highest credit quality rating and 3 being the rating for a standard level of risk.
While the nominal amount of ICD's treasury assets was large at end-1435H (22 per cent of total assets), its treasury portfolio has a moderate weighted average credit rating of Baa3, although Moody's expects it to expand and improve over time.
The power purchase agreements in the acquired portfolio have a weighted average remaining contract life of 19 years with a weighted average credit rating of A3/A-.
As of March 31, 2016 and December 31, 2015, Horizon's loan portfolio had a weighted average credit rating of 3.0 with 4 being the highest credit quality rating and 3 being the rating for a standard level of risk.
The portfolio's power purchase agreements have a weighted average remaining contract life of 19 years with a weighted average credit rating of A3/A-.
The Fund's weighted average credit rating remains unchanged at B2/BBB.
As of December 31, 2015 and 2014, Horizon's loan portfolio had a weighted average credit rating of 3.0 and 3.1, respectively, with 4 being the highest credit quality rating and 3 being the rating for a standard level of risk.
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