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

Default

Breach of a covenant, promise or duty imposed by the bond, bond resolution/ordinance, an indenture or other financing document.