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credit rating

   Also found in: Dictionary/thesaurus, Medical, Financial, Acronyms, Encyclopedia, Wikipedia 0.04 sec.

credit rating

Measure of the ability to pay for goods, loans, or services rendered by an individual, company, or country. The lower the credit rating, the higher the interest charged by banks and other creditors is likely to be. A high credit rating will attract loans on more favourable terms.



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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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