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Bonds (Corporate Bonds, Municipal Bonds, Government Bonds, etc.) Explained in One MinuteA bond rating, also known as a credit rating, is an assessment of the creditworthiness of a bond issuer. A bond rating indicates its credit quality and is given to a bond by a rating service. The rating considers a bond issuer's financial strength. Bond ratings help investors manage and identify risk. Letter grades from AAA to D are assigned by rating agencies (S&P, Moody's, and Fitch).
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