Degree of compliance that the issuer has with respect to the obligations contracted with the issue that is the object of the rating. Therefore, this term evaluates the probability of default or compliance with a specific financial obligation on the part of the debt issuer. Thus, a high credit quality of an obligor indicates that the financial obligation of the borrower has a low risk of default. On the other hand, a poor credit quality means that the likelihood of the issuing entity meeting its payment obligations is, as a result, very low.