Credit Rating: Canada Debt .ca defines Credit Rating

Bankruptcy Term Credit Rating

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Canada Debt has the definition to the bankruptcy and debt term Credit Rating. Finding answers to terms such as Credit Rating can be difficult, especially if there is more than one definition which is why we have created a page dedicated to financial terms dealing exclusively with debt. Credit Rating in financial terms means...

In debt and bankruptcy terms, the phrase / term 'Credit Rating' is used as follows:

Credit reporting agencies collect information about consumers' financial affairs and sell this information to their clients. Credit ratings are set by creditors who pass this information to the reporting agencies. It consists of a nine-point rating scale. An estimate of the credit worthiness of an individual, corporation, or even a country. It is an evaluation made by credit bureaus of a borrowers overall credit history. Credit ratings are calculated from financial history and current assets and liabilities.