CREDIT RATING Definition & Meaning

credit rating

noun

a classification of credit risk based on investigation of a customer's or potential customer's financial resources, prior payment pattern, and personal history or degree of personal responsibility for debts incurred.

credit rating

noun

an evaluation of the creditworthiness of an individual or business enterprise

credit rating

An evaluation of the financial trustworthiness of an individual, firm, or government.

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51�Թ� History and Origins

Origin of credit rating¹

First recorded in 1955–60

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Example Sentences

Examples have not been reviewed.

Risky loans to borrowers with low credit ratings had been packaged up and sold to banks around the world.

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Dealing with the grief of losing Tianie, and organising the funeral, meant that Ms Bramley missed a few payments on her financial commitments which affected her credit rating.

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Those eye-popping figures - and the prospect of ballooning interest payments on the debt - were among the reasons that financial rating agency Moody's downgraded the US credit rating last week.

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On Friday, Moody's downgraded the US government's credit rating, citing the growing debt and little progress toward resolving it.

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A lower credit rating means countries are more likely to default on their sovereign debt, and generally face higher borrowing costs.

From

creditor credit-reference agency

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