Rating
A judgment by a rating agency as to the credit quality of a bond.
bond-basics
Rating Agency
A national credit agency providing an independent appraisal of the credit quality of the Issuer, the Conduit Borrower, if any, and/or the Bond Issue. The largest Rating Agencies are S&P Global Ratings, Moody’s Investors Service, and Fitch Ratings.
Life’s a Party
Learn more about the various parties involved in a municipal securities transaction and their roles.
See Also
Start with the Bond Basics
Term of the Week
Pre-Closing
A meeting of all the parties prior to the closing, often held the day before the closing.