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
Mandatory Sinking Fund Redemption
A type of redemption that applies specifically to bonds issued as term bonds provided in the bond resolution/ordinance and/or an indenture, pursuant to which an issuer or a conduit borrower is required to retire a specific amount of the outstanding principal of the term bond by redemption on specific dates.