Asked by garrett miles on Apr 26, 2024
Verified
Elaborate on what does an A credit rating signifies.
A Credit Rating
A measure used by creditors to determine the ability of a borrower to pay back debt.
- Gain an understanding of and communicate the significance of diverse credit ratings.
Verified Answer
HG
Harsha GidwaniApr 27, 2024
Final Answer :
AA signifies superior credit quality. The capacity for the payment of financial obligations is considered high. Credit quality differs from AAA only to a small degree. Unlikely to be significantly vulnerable to future events.
Learning Objectives
- Gain an understanding of and communicate the significance of diverse credit ratings.