Rating
A judgment by a rating agency as to the credit quality of a bond.
bond-basics
Upgrade (Ratings)
The increasing of a Rating by a Rating Agency. Higher Ratings indicate higher credit quality.
See Also
In Contrast To
Downgrade (Ratings)
The lowering of a rating by a Rrting agency. Lower ratings indicate lower credit quality.
Start with the Bond Basics
Hundreds of Terms and Concepts
Unlimited Tax General Obligation Bond (“UTGO”)
Type of general obligation bond secured by a promise to levy ad valorem property taxes, unlimited as to rate or amount, on all taxable property within the territorial limits of the issuer.