Definition
An agency opinion about an issuer's creditworthiness.
Why it’s relevant today
Downgrades can affect borrowing costs and forced institutional selling.
Why it matters
Ratings are useful inputs, not guarantees of repayment.
An agency opinion about an issuer's creditworthiness.
Downgrades can affect borrowing costs and forced institutional selling.
Ratings are useful inputs, not guarantees of repayment.
Discussion
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