Credit Rating

What Does It Mean?
What Does Credit Rating Mean?
An assessment of the credit worthiness of individuals and corporations. It is based upon the history of borrowing and repayment, as well as the availability of assets and extent of liabilities.
Investopedia Says
Investopedia explains Credit Rating
Credit is important since individuals and corporations with poor credit will have difficulty finding financing, and will most likely have to pay more due to the risk of default.
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