Rating
A judgment by a rating agency as to the credit quality of a bond.
bond-basics
Downgrade (Ratings)
The lowering of a Rating by a Rating Agency. Lower Ratings indicate lower credit quality.
See Also
In Contrast To
Upgrade (Ratings)
The increasing of a rating by a rating agency. Higher ratings indicate higher credit quality.
Start with the Bond Basics
Hundreds of Terms and Concepts
Preliminary Expenditures
Expenditures for a project that can be financed with proceeds of bonds without obeying the federal income tax rules relating to reimbursements, up to a limit of 20% of the proceeds of the bonds to be issued to finance the project.