Definition of credit rating
: a score or grade that a company or organization gives to a possible borrower and that indicates how likely the borrower is to repay a loan
Credit ratings are based on how much money, property, and debt a borrower has and on how well the borrower has paid past debts.
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Cite this Entry
“Credit rating.” Merriam-Webster.com Dictionary, Merriam-Webster, https://www.merriam-webster.com/dictionary/credit%20rating. Accessed 2 Jul. 2022.
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