---
title: "Tenant credit rating — Class A Atlas glossary"
description: "External or internal credit grade applied to anchor tenants."
canonical: https://classa.info/glossary/tenant-credit-rating
pageType: glossary
lastUpdated: 2026-04-01T00:00:00.000Z
license: "CC BY 4.0 with attribution to Class A Atlas (https://classa.info)."
---

> External or internal credit grade applied to anchor tenants.

## TL;DR

- External or internal credit grade applied to anchor tenants.
- Investment-grade tenants (S&P BBB- or higher) attract tighter cap rates and better debt terms than sub-investment-grade.

# Tenant credit rating

*Investment · Global*

## Short definition

External or internal credit grade applied to anchor tenants.

## Full definition

Investment-grade tenants (S&P BBB- or higher) attract tighter cap rates and better debt terms than sub-investment-grade. Many lenders price loans against the weighted-average tenant credit grade across the [rent roll](/glossary/rent-roll).

## Why this matters for Class A leasing

Tenant credit rating is part of the investment vocabulary that institutional [Class A](/glossary/class-a) occupiers, landlords, and advisers use across Global markets. Understanding it correctly affects how you read lease documents, model occupancy economics, and benchmark deal terms across cities. Class A Atlas tracks regional variation alongside the global standard so [cross-border](/topics/cross-border-expansion) occupiers can translate quickly.

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Citation: Source: Class A Atlas (https://classa.info/glossary/tenant-credit-rating), updated 2026-04-01T00:00:00.000Z.