Free course

Organisations and the financial system

Credit rating

A credit rating is a score which reflects the opinion of a credit rating agency or a credit reference agency about the credit worthiness of an individual, a corporation, a financial obligation or even a country. The rating is intended to provide the market with an evaluation of a potential borrower's ability to service and repay its obligations in the future. The rating is prepared either by a rating agency typically on a solicited basis, i.e. at the request of the lender and/or debt issuer, or by a reference agency on an unsolicited basis, i.e. without consultation using publicly available information.

» Glossary

B294_1

Take your learning further

Making the decision to study can be a big step, which is why you'll want a trusted University. The Open University has 50 years’ experience delivering flexible learning and 170,000 students are studying with us right now. Take a look at all Open University courses.

If you are new to University-level study, we offer two introductory routes to our qualifications. You could either choose to start with an Access module, or a module which allows you to count your previous learning towards an Open University qualification. Read our guide on Where to take your learning next for more information.

Not ready for formal University study? Then browse over 1000 free courses on OpenLearn and sign up to our newsletter to hear about new free courses as they are released.

Every year, thousands of students decide to study with The Open University. With over 120 qualifications, we’ve got the right course for you.

Request an Open University prospectus371