That's the highest possible.
You can't score a 1000. The highest your FICO score can go is 850.
People with a lower credit rating score present a higher risk to lenders than those with a higher credit rating score. Therefore, those who present the highest risk will receive the highest interest rates and those who present the lowest risk will receive the lowest interest rates. While this may not seem fair, the bank sees someone with a 650 credit rating score as a higher risk of defaulting on their loan than a person with a 750 credit score. This is because, statistically speaking, those with a 750 credit rating score do default less than those who a 650 score.
AAA indicates it is of the highest credit quality. This means it has an extremely high change of repaying.
Bond credit rating is used to assess the credit worthiness of a corporation or government's debt issues. A bond credit rating is similar to a credit rating that an individual person receives.
That's the highest possible.
Premium Investment Grade is the highest credit rating.Prime Investment Grade: No Risk of DefaultRating AgencyRatingS&PAAAMoodyAaaFitchAAA
P1" is the highest short-term rating category for Moody's Investor Service. P1 rating are considered to be of high credit quality
You can't score a 1000. The highest your FICO score can go is 850.
People with a lower credit rating score present a higher risk to lenders than those with a higher credit rating score. Therefore, those who present the highest risk will receive the highest interest rates and those who present the lowest risk will receive the lowest interest rates. While this may not seem fair, the bank sees someone with a 650 credit rating score as a higher risk of defaulting on their loan than a person with a 750 credit score. This is because, statistically speaking, those with a 750 credit rating score do default less than those who a 650 score.
AAA indicates it is of the highest credit quality. This means it has an extremely high change of repaying.
Which among these is a credit rating ?
Bond credit rating is used to assess the credit worthiness of a corporation or government's debt issues. A bond credit rating is similar to a credit rating that an individual person receives.
The average is around 690, the highest is around 850, 794 is considered a great rating.
a poor credit rating would be 0
A credit rating is a rating of how well a person pays their bills. If bills are paid on time the credit rating goes up.
The difference between credit score and credit rating is simple Credit score (or credit history) is the history of paying back debt where as credit rating the the reputation for paying back money owing