One of the mysteries of the English language finally explained.
1An estimate of the ability of a person or organization to fulfill their financial commitments, based on previous dealings.
- ‘If the issuer has a bad credit rating, bond traders demand higher yields to compensate for the extra risk.’
- ‘Many companies use your credit rating to decide what rate they'll offer you - a technique known as risk-based pricing.’
- ‘Some lenders may view one or two missed repayments relatively benignly and your credit rating may be largely unaffected.’
- ‘Lenders aren't just cautious about lending to people with a bad credit rating.’
- ‘But in other countries, you may need to build up a credit rating from scratch or there may be problems with exchange controls.’
- ‘The price depends on several factors including prevailing interest rates and credit ratings.’
- ‘Ironically, too much available credit probably damages my credit rating!’
- ‘Consumers who are more likely to fear rejection based on their credit ratings are also more than twice as likely to believe they'll have difficulty getting approved for a mortgage.’
- ‘Transfer as much of your debt to 0% credit cards as your credit rating will allow.’
- ‘Defaulting on a debt to a credit card firm or catalogue company could result in a damaged credit rating but it should not put your home at risk.’
- ‘Freehold property helps to strengthen a balance sheet that may in turn support a better credit rating and lower the cost of borrowing.’
- ‘Obtaining financing with a lackluster credit rating is beyond challenging.’
- ‘The lower the credit rating, it is believed, the higher the chances are for a country to default on its sovereign debt obligations.’
- ‘Instead of selling loans with fixed interest rates, they offer tailored rates based on your credit rating.’
- ‘Suddenly, nobody wanted to sell paper to an upstart little company with a lousy credit rating.’
- ‘The company retains an investment-grade credit rating of BBB and throws off huge sums of cash.’
- ‘Financial lenders give states credit ratings based on their fiscal discipline.’
- ‘It is one of a handful of American companies with an AAA credit rating, something it has sustained for 85 years.’
- ‘However, if a company is losing its credit rating, financial resources may suddenly disappear, leading to debt.’
- ‘But it says it plans to use its good credit rating to refinance.’
- 1.1 The process of assessing a credit rating.
- ‘SSI units will be encouraged to obtain credit rating.’
- ‘Finally, for those for whom credit rating is important, such as anyone applying for a mortgage or personal loan, the timing of any account switch may need some consideration.’
- ‘But that would not automatically bring better credit rating.’
- ‘This internal credit rating is applicable to both corporate and individual clients, he added.’
- ‘Economists, and credit rating agencies, are also worried about the impact of collapse in the north on the south.’
Top tips for CV writingRead more
In this article we explore how to impress employers with a spot-on CV.