Downgrade (Ratings)

The lowering of a Rating by a Rating Agency. Lower Ratings indicate lower credit quality.

See Also


A judgment by a rating agency as to the credit quality of a bond.

In Contrast To

Upgrade (Ratings)

The increasing of a rating by a rating agency.  Higher ratings indicate higher credit quality.

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A commercial bank or trust company with trust powers which acts in a fiduciary capacity for and on behalf of the bondholders by entering into an indenture with the issuer of the bonds.