From Longman Business Dictionarydebt ratingˈdebt ˌrating [countable]FINANCE a calculation of the ability of a company or government to pay interest on its debts and to repay themFollowing the missed payment, Moody’s downgraded its debt rating.Standard & Poor’s has upgraded the debt ratings of Penn Traffic to single-B-minus from triple-C-plus because of improved operating performance. → rating
