[{"data":1,"prerenderedAt":58},["ShallowReactive",2],{"term:credit-rating":3},{"term":4,"related":45},{"id":5,"title":6,"body":7,"category":27,"description":28,"extension":29,"faq":30,"meta":31,"navigation":32,"path":33,"related":34,"seo":38,"stem":39,"takeaways":40,"__hash__":44},"terms\u002Fterms\u002Fcredit-rating.md","Credit Rating",{"type":8,"value":9,"toc":22},"minimark",[10,15,19],[11,12,14],"h2",{"id":13},"understanding-credit-rating","Understanding Credit Rating",[16,17,18],"p",{},"Agencies such as S&P Global, Moody's, and Fitch rate governments and companies. S&P and Fitch scales run from AAA (strongest) down to D (in default).",[16,20,21],{},"Bonds rated BBB− (Baa3 at Moody's) or higher are called investment grade; lower-rated bonds are high-yield, or junk, bonds and pay higher interest to compensate for greater risk.",{"title":23,"searchDepth":24,"depth":24,"links":25},"",2,[26],{"id":13,"depth":24,"text":14},"investing","An assessment of a borrower's ability to repay its debt.","md",[],{},true,"\u002Fterms\u002Fcredit-rating",[35,36,37],"bond","yield","municipal-bond",{"title":6,"description":28},"terms\u002Fcredit-rating",[41,42,43],"Credit ratings grade the risk of default.","Investment grade means BBB− (Baa3) or better.","Lower ratings mean higher borrowing costs.","X-H351FP3kujN-NlnlUcV04dP18d7NGFzgOH4r5f0WY",[46,50,54],{"title":47,"description":48,"path":49},"Bond","A loan an investor makes to a government or company in exchange for interest payments.","\u002Fterms\u002Fbond",{"title":51,"description":52,"path":53},"Municipal Bond","A bond issued by a state, city, or other local government in the U.S.","\u002Fterms\u002Fmunicipal-bond",{"title":55,"description":56,"path":57},"Yield","The income an investment produces, as a percentage of its price.","\u002Fterms\u002Fyield",1793374004838]