Definition of
credit rating
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1
evaluation of creditworthiness an assessment of a person's or an organization's ability to pay back money that they owe according to the terms on which it was borrowed, based on a broad assessment of financial health including previous loans and other outstanding financial obligations
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2
process of evaluating creditworthiness the process of assessing a person's or an organization's ability to pay back money that they owe according to the terms on which it was borrowed
Related definitions of "credit rating"
- Also called credit ranking
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