Asked by Grace Thomas on May 20, 2024
Verified
Elaborate on what does an AAA credit rating signifies.
AAA Credit Rating
The highest credit rating assigned to a borrower's debt instruments by credit rating agencies, indicating an extremely low risk of default.
- Fathom and articulate the importance of multiple credit ratings.
Verified Answer
JJ
Joseph JarboMay 24, 2024
Final Answer :
AAA signifies the highest credit quality. The capacity for the payment of financial obligations is exceptionally high and unlikely to be adversely affected by future events.
Learning Objectives
- Fathom and articulate the importance of multiple credit ratings.