bond-basics

Downgrade (Ratings)

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


See Also

Rating

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.

Hudson Yards Rail Yards

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Hundreds of Terms and Concepts

Trustee

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.