Rating
A judgment by a rating agency as to the credit quality of a bond.
bond-basics
Downgrade (Ratings)
The lowering of a Rating by a Rating Agency. Lower Ratings indicate lower credit quality.
See Also
In Contrast To
Upgrade (Ratings)
The increasing of a rating by a rating agency. Higher ratings indicate higher credit quality.
Start with the Bond Basics
Hundreds of Terms and Concepts
Flow of Funds
A term referring to the order of priority of the receipt, deposit, transfer and application of revenues in the funds and accounts created in an indenture or a bond resolution and may also refer to a document prepared by an underwriter or municipal advisor to show the sources and deposits at the closing.