credit rating

Definition of "credit rating"
  1. A score given by agencies such as Standard & Poor's, Fitch, and Moody's reflecting their view on a borrower's ability to repay debt
How to use "credit rating" in a sentence
  1. His poor financial decisions led to a low credit rating, making it difficult for him to secure a loan.
  2. An excellent credit rating is a key requirement for obtaining a large home mortgage.
  3. The company's steady flow of income resulted in a high credit rating.

Provide Feedback
Browse Our Legal Dictionary
# A B C D E F G H I J K L M N O P Q R S T U V W X Y Z