Credit rating
an estimate of the probability of default: from AAA to D
Where it appears in the course
- Chapter 2 of 16 · Credit Officer
- Chapter 7 of 16 · The Structurer
- Chapter 8 of 16 · The Central Banker
- Chapter 14 of 16 · Payment Rails
- Chapter 15 of 16 · Managers of Trillions
- Chapter 16 of 16 · Private Capital
In the academy “Credit rating” is not a definition but an operation: you post it yourself and watch what it does to the balance sheet.