Bond Credit Rating
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A Bond Credit Rating is an credit rating of a bond issuer to make timely debt service payments.
References
2016
- (Wikipedia, 2016) ⇒ https://en.wikipedia.org/wiki/Bond_credit_rating Retrieved:2016-10-5.
- In investment, the bond credit rating represents the credit worthiness of corporate or government bonds. It is not the same as individual's credit score. The ratings are published by credit rating agencies and used by investment professionals to assess the likelihood the debt will be repaid.
- (City Council of Barnstable, 2016b) ⇒ Town of Barnstable. (2016). “Town of Barnstable Adopted Operating Budget - 2017."
- QUOTE: Bond rating: A credit rating assigned to a municipality to help investors assess the future ability, legal obligation, and willingness of the municipality (bond issuer) to make timely debt service payments. Stated otherwise, a rating helps prospective investors determine the level of risk associated with a given fixed-income investment. Rating agencies such as Moody's and Standard and Poor’s use rating systems, which designate a letter or a combination of letters and numerals where AAA is the highest rating and C1 is a very low rating.