Long-Term Ratings

  • Highest Quality
    AAA
  • Very High Quality
    AA+ AA AA-
  • High Quality
    A+ A A-
  • Medium Quality
    BBB+ BBB BBB-
  • Low Quality
    BB+ BB BB-
  • Very Low Quality
    B+ B B-
  • Near Default (High Recovery)
    CCC+ CCC CCC-
  • Near Default (Average Recovery)
    CC
  • Near Default (Low Recovery)
    C
  • Default
    D

Short-Term Ratings

  • Exceptional
    K1+
  • Very Strong
    K1
  • Strong
    K2
  • Adequate
    K3
  • Questionable
    B
  • Poor
    C
  • Default
    D
  •  

Financial Strength Ratings

  • Extremely Strong
    AAA
  • Strong
    AA
  • Good
    A
  • Adequate
    BBB
  • Questionable
    BB
  • Weak
    B
  • Very Weak
    CCC
  • Poor
    CC
  • Very Poor
    C
  • Default
    D
  • Regulatory Supervision
    R