(a TV show) is high-rated

TV shows get "ratings". Ratings in TV are the number of people who watch the show. A TV show which a lot of people watch is "high-rated", and one that not many people watch is "low-rated".

The word "rating" is really only used this way when talking about television. Usually a "rating" is like a score that an expert gives to a product, instead of the number of people who watch or use it.

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