Q. Credit Ratings? Bond Ratings? Debt Ratings? Screening for Bonds ?

​Credit ratings are given to an issuer. 

Bond ratings are given to the individual security. 

The more subordinated bonds may have a lower bond rating than the more senior debt.

Asset backed, mortgage backed and other kinds of debt also have a rating based on the chances of the issuer repaying the security.

Public and private companies can issue debt.

• Bond screener - https://finra-markets.morningstar.com/BondCenter/Screener.jsp or Bloomberg 
• WRDS – Mergent FISD – Bond ratings and data includes screening - This can be used to screen on bond rating.  
• WRDS – CapitalIQ Credit ratings – ratings on companies, governments and things like CDOs and asset backed securities.
• WRDS – TRACE for corporate debt
• Bloomberg – Ticker <corp> go – will list all the company’s bonds. Select one bond – using its full description hit ticker coupon maturity <corp> DES for a description or ticker coupon maturity <corp> rate for its rating. RATD – ratings definitions, RATI – list of agencies or to search for corporate bonds <corp> srch <go>
• For high yield bonds – HYM for the menu or HYI for the indices
• For governments <gov> TK <go> for list of government bonds around the world. For states – STGO and CTGO for city

For US government issues -

• https://www.treasurydirect.gov/,
• https://fred.stlouisfed.org/ &
• Bloomberg
•  GovPX (tick data on government treasuries)   (1991-March 2024)  

On each of the rating agencies’ website are details of rating criteria. For S&P rating criteria go to the S&P website. There are a number of rating agencies - S&P Moody's and Fitch are the best known.  If screening for bond's with a certain rating this can be done using Mergent FISD. https://en.wikipedia.org/wiki/Credit_rating - shows the different ratings.

SDC Global Public Finance database in Firestone (A Floor) for the muni IPO bond rating.

Private company debt – SDC, Capital IQ, Dealscan and Bloomberg