The capacity for payment of financial commitments is exceptionally strong and highly unlikely to be adversely affected by foreseeable changes in circumstances.
AA
The capacity for payment of financial commitments is very strong but somewhat less than AAA.
A
The capacity for payment of financial commitments is strong but somewhat vulnerable to adverse economic conditions or changes in circumstances.
BBB
The capacity for payment of financial commitments is adequate but more likely to be impaired by adverse economic conditions or changes in circumstances.
BB
The capacity for payment of financial commitments may be moderate but has speculative characteristics.
B
The capacity for payment of financial commitments is weak and speculative, and its future stability is uncertain.
CCC
The capacity for payment of financial commitments is adequate but more likely to be impaired by adverse economic conditions or changes in circumstances.
CC
The capacity for payment of financial commitments contains a high possibility of default risk, and is more vulnerable to adverse economic conditions or changing circumstances than higher ratings.
C
The capacity for payment of financial commitments contains an extremely high possibility of default risk, with little chance of recovery.
D
It is the payment default risk on financial commitments.
* The ratings between AA and CCC may be modified by the addition of a plus (+) or minus (-) sign to show its relative standing among the major rating categories.
*
Short-Term Rating Definition
View
View
Rating
Definition
A1
The capacity for payment of financial commitments is exceptionally strong, and highly unlikely to be adversely affected by foreseeable changes in circumstances.
A2
The capacity for payment of financial commitments is strong, but somewhat less than A1.
A3
The capacity for payment of financial commitments is exceptionally strong, and highly unlikely to be adversely affected by foreseeable changes in circumstances.
B
The capacity for payment of financial commitments may be moderate, but has speculative characteristics.
C
The capacity for payment of financial commitments is doubtful.
D
The capacity for payment of financial commitments is doubtful.
* The ratings from A2 to B may be modified by the addition of a plus (+) or minus (-) sign to show relative standing within the major rating categories.