: A higher rating lowers the cost of borrowing by allowing access to cheaper interest rates.
Agencies conduct periodic —also known as account monitoring—to ensure ratings remain accurate as financial conditions change. credit rating scores
Major agencies like S&P Global , Moody’s, and Fitch Ratings use standardized letter scales to communicate risk: : Indicates relatively low to moderate default risk. : A higher rating lowers the cost of
: Exceptionally strong credit quality; the highest rating possible. the highest rating possible.