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Credit Quality

The degree by which a natural or legal person is able to pay off its loans and meet its financial...

Investment Grade

A grade for securities (debt securities such as bonds or notes) having a short term rating of at least A-1...

Credit Spread Curve

In relation to credit derivatives, it is a curve (usually, positively sloped) that depicts the relationship between credit spread and...

Downgrade Trigger

A provision in a derivative contract that stipulates immediate contract termination with a cash settlement if the credit rating of...

Credit Deterioration

A gradual decrease in the quality (credit rating, credit quality) of a credit (a security or an issuer) or a...