Bond rating, which refers to the evaluation of the creditworthiness of an issuer of debt securities, often known as bonds, is a significant aspect of the bond market. Some synonyms for bond rating include credit rating, credit score, credit assessment, credit quality, and creditworthiness. The bond rating helps investors decide whether to invest in the bond or not. It is essential to note that bond ratings come in grades and are assigned by a credit rating agency. These grades range from high investment-grade ratings to low speculative or non-investment-grade ratings. A higher bond rating signifies a lower risk of default and a higher confidence level in the issuer's ability to make timely payments.