A credit rating estimates the credit worthiness of an individual, corporation, o

r even a country. It is an evaluation made by credit bureaus of a borrower s overa

ll credit history.[1] A credit rating is also known as an evaluation of a potent
ial borrower's ability to repay debt, prepared by a credit bureau at the request
of the lender (Black's Law Dictionary). Credit ratings are calculated from fina
ncial history and current assets and liabilities. Typically, a credit rating tel
ls a lender or investor the probability of the subject being able to pay back a
loan. However, in recent years, credit ratings have also been used to adjust ins
urance premiums, determine employment eligibility, and establish the amount of a
utility or leasing deposit.