Ratings trigger

1. A clause in loan documentation to protect the lender against deterioration in the credit rating of the borrower. For example, a ratings trigger might stipulate that if the credit rating falls below a specified level, this event might trigger immediate repayment of the borrowing.
2. A pricing grid in loan documentation, relating the pricing of the borrowing to the credit rating of the borrower.

See also

• Acceleration
• Credit rating
• Pricing grid