What does credit rating mean?

Definitions for credit rating
credit rat·ing

This dictionary definitions page includes all the possible meanings, example usage and translations of the word credit rating.

Princeton's WordNet

  1. credit rating, creditnoun

    an estimate, based on previous dealings, of a person's or an organization's ability to fulfill their financial commitments

Wiktionary

  1. credit ratingnoun

    An estimate, based on a company or person's history of borrowing and repayment and/or available financial resources, that is used by creditors to determine the maximum amount of credit it can extend to a without undue risk.

Wikipedia

  1. Credit rating

    A credit rating is an evaluation of the credit risk of a prospective debtor (an individual, a business, company or a government), predicting their ability to pay back the debt, and an implicit forecast of the likelihood of the debtor defaulting. The credit rating represents an evaluation of a credit rating agency of the qualitative and quantitative information for the prospective debtor, including information provided by the prospective debtor and other non-public information obtained by the credit rating agency's analysts. Credit reporting (or credit score) – is a subset of credit rating – it is a numeric evaluation of an individual's credit worthiness, which is done by a credit bureau or consumer credit reporting agency.

ChatGPT

  1. credit rating

    A credit rating is a measure or evaluation of an individual's or company's ability to repay debts and overall creditworthiness. It is usually provided by a credit bureau or a credit rating agency based on the individual's or company's credit history and current financial status. The rating can impact the interest rates offered on loans or the ability to acquire new credit.

Wikidata

  1. Credit rating

    A credit rating evaluates the credit worthiness of a debtor, especially a business or a government. It is an evaluation made by a credit rating agency of the debtor's ability to pay back the debt and the likelihood of default. Credit ratings are determined by credit ratings agencies. The credit rating represents the credit rating agency's evaluation of qualitative and quantitative information for a company or government; including non-public information obtained by the credit rating agencies analysts. Credit ratings are not based on mathematical formulas. Instead, credit rating agencies use their judgment and experience in determining what public and private information should be considered in giving a rating to a particular company or government. The credit rating is used by individuals and entities that purchase the bonds issued by companies and governments to determine the likelihood that the government will pay its bond obligations. A poor credit rating indicates a credit rating agency's opinion that the company or government has a high risk of defaulting, based on the agency's analysis of the entity's history and analysis of long term economic prospects.

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Numerology

  1. Chaldean Numerology

    The numerical value of credit rating in Chaldean Numerology is: 8

  2. Pythagorean Numerology

    The numerical value of credit rating in Pythagorean Numerology is: 2

Examples of credit rating in a Sentence

  1. Nigel Rendell:

    If Ramaphosa does not come up with a solution to this crisis soon, there is a good chance Moody's will remove South Africa's last investment-grade credit rating, eskom is the biggest issue hanging over financial markets, and there won't be a happy ending unless there is a significant capital injection from somewhere.

  2. Richard Feinberg:

    However, a deal with the Paris Club will not get Cuba a good international credit rating. That can only come from more robust export earnings and a healthier sustainable balance of payments.

  3. Croatian Prime Minister-designate Tihomir Oreskovic:

    We all know that our (public) debt is at a worrying level of around 90 percent of gross domestic product. My goal is to talk to investors and share ideas on how to tame the debt and achieve better credit rating.

  4. Bruce Tobin:

    We are working with banks to use our strong credit rating to establish an optional supply chain financing programme to support suppliers, this programme is being piloted with several suppliers in our aluminium business, and we intend to make it more broadly available from mid-year 2016. According to a report in The Weekend Australian on Saturday, Rio Tinto's new terms will apply to all contracts valued at $ 3 million or more. Suppliers whose contracts are valued at less than $ 3 million will receive payment in 60 days. The Weekend Australian on Saturday also reported that Rio Tinto chief executive Sam Wash had written to suppliers inviting any who believed they should be exempt from the new payment terms to contact the company. Rio Tinto offers exemptions to suppliers that are registered charities, certain community and indigenous organisations and some government suppliers. Rival mining giant BHP Billiton moved to 60-day supplier payment terms about 18 months ago. A spokeswoman said on Saturday the company retained significant flexibility in terms of arrangements with small business suppliers.

  5. John Cullerton:

    This lowered credit rating is just one way that we can calculate the true cost of doing business the Rauner way, it’s time to hit the reset button and move toward a resolution.

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"credit rating." Definitions.net. STANDS4 LLC, 2024. Web. 18 Apr. 2024. <https://www.definitions.net/definition/credit+rating>.

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