RD (Credit Rating)

RD stands for "Restricted Default," a credit rating given by rating agencies to indicate that a borrower has defaulted on a specific financial obligation but is still making payments on other debt. This rating is typically assigned when a company or government misses a scheduled payment on one bond or loan but continues to meet other financial obligations. An RD rating signals financial distress but stops short of indicating a complete default.

Example

A company receives an RD rating after failing to make an interest payment on one of its bonds, even though it continues to meet payments on other loans.