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Credit Rating Table

A credit rating evaluates the credit worthiness of an issuer of specific types of debt, specifically, debt issued by a business enterprise such as a corporation or a government. It is an evaluation made by a credit rating agency of the debt issuers likelihood of default. Credit ratings are determined by credit ratings agencies[1]Wikipedia – “Credit rating”, retrieved 2013-09-24.[2]External source, retrieved 2020-05-11..

Rating Category
Description
Value (pts.) Wikirating S&P Global Scope Moody's Fitch DBRS
long-term long-term long-term long-term long-term long-term
Prime An obligor has EXTREMELY STRONG capacity to meet its financial commitments. 95 to 100 AAA AAA AAA Aaa AAA AAA
High grade An obligor has VERY STRONG capacity to meet its financial commitments. It differs from the highest rated obligors only in small degree. 90 to less than 95 AA+ AA+ AA+ Aa1 AA+ AA (h)
85 to less than 90 AA AA AA Aa2 AA AA
80 to less than 85 AA- AA- AA- Aa3 AA- AA (l)
Upper Medium grade An obligor has STRONG capacity to meet its financial commitments but is somewhat more susceptible to the adverse effects of changes in circumstances and economic conditions than obligors in higher-rated categories. 75 to less than 80 A+ A+ A+ A1 A+ A (h)
70 to less than 75 A A A A2 A A
65 to less than 70 A- A- A- A3 A- A (l)
Lower Medium grade An obligor has ADEQUATE capacity to meet its financial commitments. However, adverse economic conditions or changing circumstances are more likely to lead to a weakened capacity of the obligor to meet its financial commitments. 60 to less than 65 BBB+ BBB+ BBB+ Baa1 BBB+ BBB (h)
55 to less than 60 BBB BBB BBB Baa2 BBB BBB
50 to less than 55 BBB- BBB- BBB- Baa3 BBB- BBB (l)
Non Investmentgrade An obligor is LESS VULNERABLE in the near term than other lower-rated obligors. However, it faces major ongoing uncertainties and exposure to adverse business, financial, or economic conditions which could lead to the obligor's inadequate capacity to meet its financial commitments. 45 to less than 50 BB+ BB+ BB+ Ba1 BB+ BB (h)
40 to less than 45 BB BB BB Ba2 BB BB
35 to less than 40 BB- BB- BB- Ba3 BB- BB (l)
Highly Speculative An obligor is MORE VULNERABLE than the obligors rated 'BB', but the obligor currently has the capacity to meet its financial commitments. Adverse business, financial, or economic conditions will likely impair the obligor's capacity or willingness to meet its financial commitments. 30 to less than 35 B+ B+ B+ B1 B+ B (h)
25 to less than 30 B B B B2 B B
20 to less than 25 B- B- B- B3 B- B (l)
Extremely speculative An obligor is CURRENTLY VULNERABLE, and is dependent upon favourable business, financial, and economic conditions to meet its financial commitments. 15 to less than 20 CCC CCC+ CCC Caa1 CCC+ CCC
An obligor is CURRENTLY HIGHLY-VULNERABLE. 10 to less than 15 CC CCC CC Caa2 CCC CC
CCC- Caa3 CCC-
The obligor is CURRENTLY HIGHLY-VULNERABLE to nonpayment. May be used where a bankruptcy petition has been filed. 5 to less than 10 C CC C Ca CC C
C C
In default An obligor has failed to pay one or more of its financial obligations (rated or unrated) when it became due. 0 to less than 5 D SD/D SD/D C RD/D SD/D
Not rated No rating has been requested, or there is insufficient information on which to base a rating. Not applicable n.r. n.r. n.r. n.r. n.r. n.r.
Rating withdrawn The credit rating was withdrawn. Not applicable r.w. r.w. r.w. r.w. r.w. r.w.

See also

References[+]