Credit rating
volume
British pronunciation/kɹˈɛdɪt ɹˈeɪtɪŋ/
American pronunciation/kɹˈɛdɪt ɹˈeɪɾɪŋ/

Definition & Meaning of "credit rating"

Credit rating
01

a number that represents how reliable a person or company is when it comes to paying back loans, based on their past financial activity

credit rating

n
example
Example
Due to her responsible credit rating, she was able to secure a favorable interest rate on her loan.
Economic challenges may lead to a decision to downgrade a country's credit rating.
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