What Is an AAA Rating?
The AAA rating refers to a standard for the hotel/restaurant industry as well as bond credit. It was designed to let consumers know which companies and establishments meet criteria that proves they are reliable, and provide quality products and services.
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Who Rates the Hotels and Restaurants?
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The AAA, known as "Triple A", is an organization devoted to car travel, highway building, and car insurance. The organization created the AAA Diamond Rating for hotels and restaurants over 50 years ago.
AAA Rating for Hotels
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A hotel will receive a AAA rating if the hotel provides a variety of services, "a distinguished style," and upgrades in the quality and comfort of the amenities and physical attributes from the AAA standard.
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AAA Rating for Restaurants
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Restaurants will receive an AAA rating if it employs a professional cook and professional dining room staff, provides a "skillfully prepared" menu, offers complimentary beverages ranging from wines to cocktails. It is usually an adult-oriented atmosphere.
Who Rates the Bond Credit?
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The main organizations that rate bond credit are Moody's, Fitch, and Standard and Poor's. Standard and Poor's and Fitch use an AAA rating--the highest quality bond credit rating.
AAA Rating for Bond Credit
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An AAA rating is given to organizations that have a strong debt security. They pay back their loans on time and deal with debt very reliably. They have the lowest credit risk. These companies are worthy of investment.
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