Credit Ratings Flashcards
1
Q
Highest quality - S&P/Fitch
A
AAA
2
Q
Highest quality - Moody’s
A
Aaa
3
Q
High quality - S&P/Fitch
A
AA+
AA
AA-
4
Q
High quality - Moody’s
A
Aa1
Aa2
Aa3
5
Q
Strong payment capacity - S&P/Fitch
A
A+
A
A-
6
Q
Strong payment capacity - Moody’s
A
A1
A2
A3
7
Q
Adequate payment capacity - S&P/Fitch
LOWEST INVESTMENT GRADE
A
BBB+
BBB
BBB-
8
Q
Adequate payment capacity - Moody’s
LOWEST INVESTMENT GRADE
A
Baa1
Baa2
Baa3
9
Q
Likely to fulfil obligations, ongoing uncertainties - S&P/Fitch
(HIGHEST SPECULATIVE)
A
BB+
BB
BB-
10
Q
Likely to fulfil obligations, ongoing uncertainties - Moody’s
(HIGHEST SPECULATIVE)
A
Ba1
Ba2
Ba3
11
Q
Default S&P
A
SD
D
12
Q
Default Moody’s
A
C
13
Q
Default Fitch
A
DDD
DD
D
