Credit ratings are currently unavailable.
-
Highest Credit
Quality
AAA
AAA(EXP)
AAApre
-
Very High
Credit Quality
AA+
AA+(EXP)
AA
AA(EXP)
AA-
AA-(EXP)
-
High Credit
Quality
A+
A+(EXP)
A
A(EXP)
A-
A-(EXP)
-
Good Credit
Quality
BBB+
BBB+(EXP)
BBB
BBB(EXP)
BBB-
BBB-(EXP)
-
Speculative
BB+
BB+(EXP)
BB
BB(EXP)
BB-
BB-(EXP)
-
Highly
Speculative
B+
B+(EXP)
B
B(EXP)
B-
B-(EXP)
-
High Default
Risk
CCC+
CCC+(EXP)
CCC
CCC(EXP)
CCC-
CCC-(EXP)
CC
CC(EXP)
C
-
-
Highest
Quality
(P)Aaa
Aaa
-
High
Quality
Aa1
(P)Aa1
(P)Aa2
Aa2
Aa3
(P)Aa3
-
Upper-Medium
Quality
(P)A1
A1
A2
(P)A2
(P)A3
A3
-
Medium-Grade
Quality
Baa1
(P)Baa1
(P)Baa2
Baa2
Baa3
(P)Baa3
-
Substantial
Risk
(P)Ba1
Ba1
Ba2
(P)Ba2
(P)Ba3
Ba3
-
High
Risk
B1
(P)B1
(P)B2
B2
B3
(P)B3
-
Very High
Risk
(P)Caa1
Caa1
Caa2
(P)Caa2
(P)Caa3
Caa3
-
Highly
Speculative
(P)Ca
Ca
-
-
Extremely
Strong
AAA
AAApi
AAAt
-
Very
Strong
AA+
AA+pi
AA+t
AApi
Aat
AA
AA-
AA-pi
AA-t
-
Strong
A+
A+pi
A+t
Api
At
A
A-
A-pi
A-t
-
Adequate
BBB+
BBB+pi
BBB+t
BBB
BBBpi
BBBt
BBB-
BBB-pi
BBB-t
-
Less
Vulnerable
BB+
BB+pi
BB+t
BB
BBpi
BBt
BB-
BB-pi
BB-t
-
More
Vulnerable
B+
B+pi
B+t
B
Bpi
Bt
B-
B-pi
B-t
-
Currently
Vulnerable
CCC+
CCC+pi
CCC+t
CCCpi
CCCt
CCC
CCC-
CCC-pi
CCC-t
-
Highly
Vulnerable
CCpi
CCt
CC
C+
C+pi
C+t
C
Cpi
Ct
-
Selective
Default
SD
SDpi
SDt
-
Default
D+
D+pi
D+t
Dpi
Dt
D
-
Regulatory
Supervision
R
Rpi
Rt
-
Exceptionally
High Quality
F1+
F1+(EXP)
-
-
-
-
-
High Default
Risk
C
C(EXP)
-
-
Superior
(P)MIG 1
(P)P-1
(P)VMIG 1
MIG 1
P-1
VMIG 1
-
Strong
VMIG 2
P-2
MIG 2
(P)VMIG 2
(P)P-2
(P)MIG 2
-
Acceptable
(P)MIG 3
(P)P-3
(P)VMIG 3
MIG 3
P-3
VMIG 3
-
-
-
-
-
-
More
Vulnerable
B
B-1
B-2
B-3
-
-
-
-
Financial Strength Ratings
-
Exceptionally
Strong
AAA
AAAq
-
Very
Strong
AA+
AA+q
AAq
AA
AA-
AA-q
-
Strong
A+
A+q
Aq
A
A-
A-q
-
Good
BBB+
BBB+q
BBBq
BBB
BBB-
BBB-q
-
Moderately
Weak
BB+
BB+q
BB
BBq
BB-
BB-q
-
-
Very
Weak
CCC+
CCC+q
CCCq
CCC
CCC-
CCC-q
CCq
CC
Cq
C
-
Distressed
DDD
DDDq
DDq
DD
Dq
D
-
-
Excellent
Security
Aa1
Aa2
Aa3
-
-
Adequate
Security
Baa1
Baa2
Baa3
-
Questionable
Security
Ba1
Ba2
Ba3
-
-
Very Poor
Security
Caa1
Caa2
Caa3
-
Extremely Poor
Security
Ca
C
-
Extremely
Strong
AAA
AAApi
-
Very
Strong
AA+
AA+pi
AApi
AA
AA-
AA-pi
-
Strong
A+
A+pi
Api
A
A-
A-pi
-
Good
BBB+
BBB+pi
BBBpi
BBB
BBB-
BBB-pi
-
Marginal
BB+
BB+pi
BB
BBpi
BB-
BB-pi
-
Weak
B+
B+pi
B
Bpi
B-
B-pi
-
Very
Weak
CCC+
CCC+pi
CCCpi
CCC
CCC-
CCC-pi
-
-
Issuer ratings are S&P/Moody’s/Fitch respectively. A security rating is not a
recommendation to buy, sell
or hold securities and should be evaluated independently of any other rating. The
rating is subject to revision
or withdrawal at any time by the assigning rating organization.
Copyright© 2020, Fitch Ratings, Inc., Fitch Ratings, Ltd. and its subsidiaries
(“Fitch”). Reproduction of the
Fitch credit ratings in any form is prohibited except with the prior written
permission of Fitch. Fitch does not
guarantee the accuracy, completeness, timeliness or availability of any information,
including ratings, and is
not responsible for any errors or omissions (negligent or otherwise), regardless of
the cause, or for the
results obtained from the use of ratings. FITCH GIVES NO EXPRESS OR IMPLIED
WARRANTIES, INCLUDING, BUT NOT
LIMITED TO, ANY WARRANTIES OF MERCHANTABILITY OR FITNESS FOR A PARTICULAR PURPOSE OR
USE. Fitch shall not be
liable for any direct, indirect, incidental, exemplary, compensatory, punitive,
special or consequential
damages, costs, expenses, legal fees, or losses (including lost income or profits
and opportunity costs or
losses caused by negligence) in connection with any use of the Fitch credit ratings.
Fitch’s ratings are
statements of opinions and are not statements of fact or recommendations to
purchase, hold or sell securities.
Fitch credit ratings do not address the market value of securities or the
suitability of securities for
investment purposes, and should not be relied on as investment advice.