|
Definition of Credit rating
1. Noun. An estimate, based on previous dealings, of a person's or an organization's ability to fulfill their financial commitments.
Definition of Credit rating
1. Noun. (finance) 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. ¹
¹ Source: wiktionary.com