bond-basics

Upgrade (Ratings)

The increasing of a Rating by a Rating Agency.  Higher Ratings indicate higher credit quality.

See Also

Rating

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

In Contrast To

Downgrade (Ratings)

The lowering of a rating by a Rrting agency. Lower ratings indicate lower credit quality.

Hudson Yards Rail Yards

Start with the Bond Basics

Agreement Among Underwriters

Agreement used in the purchase of a bond issue by a syndicate to set out the rights, obligations and purchase commitments of each underwriter; to authorize one or more underwriters to act as manager(s); and to give the manager(s) authority to act on behalf of the others in connection with the bond issue.