Credit rating

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1. Larger organisations - borrowings - securities - bonds - credit rating agencies.

A credit rating is an external assessment of creditworthiness.

Although the general term can apply to individuals and smaller businesses, in treasury it is usually used with reference to public debt issued by larger corporations or public bodies.

So for example a bond issue by a large corporation, or by a government, would usually be given a credit rating by one or more credit rating agencies or other bodies.

2. Smaller & medium sized organisations - credit reference agencies.

An external assessment of creditworthiness provided by a credit reference agency.

See also

Other links

Measuring up, The Treasurer, Nov 2014