0 a calculation of someone's ability to pay back money that they have borrowed -- 信譽評價，信用等級
The transaction might even help the bor rower's credit rating.
The credit rating agencies and traditional re-insurers are taking a hard look at the exposure of various companies who have concentrated on annuity business.
The counter-party must have a very good credit rating, or the swap must be guaranteed by a third party with a strong credit rating.
Credit rating changes are more likely to lag than to lead changes in market value.
The debt has to be very long term and it has to have very high credit rating.
Whatever information a credit rating may convey to the market, it also undoubtedly permits semi-willful ignorance of the full measure of uncertainty inherent in investment.
A high current credit rating may have little reference to what can happen down the track following major change in product markets, technology or in corporate control.
Even when there was no direct veto, the threat of a downgraded credit rating for a country deemed to be wasting money on public expenditure was a major deterrent.
