The meaning and definition of Credit Quality - A t

The meaning and definition of Credit Quality -
A term that refers to the perceived likelihood of default by the issuer of a bond. Credit quality is usually determined by credit ratings, which range from AAA (default highly unlikely) to D (in default). Credit ratings are published by independent bond rating services. In a mutual fund, the term credit quality refers to the average rating of the fund's underlying securities, and does not apply to the stability or safety of the fund's shares.