Credit Rating
/ˈkrɛdɪt ˈreɪtɪŋ/
Definitions
- (n.) An assessment of the creditworthiness of a debtor, indicating the likelihood of repayment of debts.
The company’s credit rating improved after it reduced its outstanding liabilities.
Forms
- credit ratings
Related terms
See also
Commentary
Credit ratings are often issued by specialized agencies and play a critical role in financial and legal transactions involving debt.
This glossary is for general informational and educational purposes only. Definitions are jurisdiction-agnostic but reflect terminology and concepts primarily drawn from English and American legal traditions. Nothing herein constitutes legal advice or creates a lawyer-client relationship. Users should consult qualified counsel for advice on specific matters or jurisdictions.