what does it mean thet creditworthness rating fell from AAA TO BB+ WHAT IS AAA AND BB+ - Business Studies - Business Environment

Question

what does it mean thet creditworthness rating fell from AAA TO BB+
WHAT IS AAA AND BB+ IS IT GRADE

Vanita Rana · Accepted Answer

Hi Simran,

Yes,
credit-worthiness ratings are the grades assigned to various
companies implying its ability to honor its debt
responsibilities The rating 'AAA' implies highest credit quality
whereas rating 'BB+' implies good credit quality

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what does it mean thet creditworthness rating fell from AAA TO BB+ .WHAT IS AAA AND BB+ . IS IT GRADE