|
Rating Symbol
|
Capacity for Timely Repayment
|
Rating Symbol
|
Capacity for Timely Repayment
|
|
High Investment Grades:
|
|
|
|
|
AAA (Triple A)
|
Highest Safety
|
1
|
Very Strong Capacity
|
|
AA (Double A)
|
High Safety
|
2, 3, 4
|
Strong Capacity
|
|
Investment Grades:
|
|
|
|
|
A
|
Adequate Safety
|
5, 6, 7
|
Adequate Capacity
|
|
BBB (Triple B)
|
Moderate Safety
|
8, 9, 10
|
Inadequate Capacity
|
|
Speculative Grades:
|
|
|
|
|
BB (Double B)
|
Inadequate Safety
|
11, 12, 13
|
Poor Capacity
|
|
B
|
High Risk
|
14
|
Default
|
|
C
|
Substantial Risk
|
|
|
|
D
|
In Default
|
|
|
To reflect comparative standing within a category, a '+' (plus) or a '-' (minus) sign will be suffixed to the symbols given above.