Standard & Poor's Requirements and Qualifications Moody's A A 1 has excellent protection for investors.
Outstanding repayment ability
It has sufficient liquidity and strong repayment ability of Prime 1 A2.
Prime 2 A3' s repayment ability is satisfactory.
Vulnerable to industry changes
There are still enough conditions to resist the situation that may deteriorate in the future, and Prime 3 B has sufficient repayment ability.
Subject to the possibility of pregnancy in the future, there is no doubt about the repayment ability of a prime number C. There is no major D overdue or expected at maturity. Credit rating of non-high quality bonds:
Standard & Poor's requires the conditions and qualifications of Moody's AAA for the highest quality.
The investment risk is the lowest, AAA, AA, high quality and strong repayment ability.
The repayment ability of the upper-middle class A BBB is sufficient.
Intermediate Baa BB is speculative, Ba B is speculative, and the situation of B CCC is not easy to be guaranteed positively.
Susceptible to uncertainty.
Caa CC with significant risks is not easy to get positive guarantee.
Susceptible to uncertainty.
There is a significant risk that Ca C fails to pay interest.
floor level
The situation is extremely bad. Breach of contract
Standard & Poor's further divides overdue repayment into "+"and "-"two levels.
For example, AAA is divided into AAA+ and AAA-. Moody's is further divided into "1", "2" and "3" from Aaa to B.
For example, Aaa is divided into Aaa 1, Aaa2 and Aaa3.