RE: Moodys5 Mar 2024 21:58
Here is a list of Moody's and Fitch Ratings scales:
Moody's
Aaa: highest creditworthiness, judged to be the least risky
Aa1: high creditworthiness, presents very low credit risk
Aa2: high creditworthiness, differs slightly from Aa1
Aa3: upper-medium-grade bond, subject to low credit risk
A1: upper-medium-grade bond, differs slightly from Aa3
A2: upper-medium-grade bond, differs slightly from A1
A3: upper-medium-grade bond, differs slightly from A2
Baa1: medium-grade bond, subject to moderate credit risk
Baa2: medium-grade bond, differs slightly from Baa1
Baa3: medium-grade bond, subject to moderate credit risk, considered the lowest investment grade rating by Moody's
Ba: non-investment grade bond, also known as "junk bond", carries significant investment risk
B1: non-investment grade bond, differs slightly from Ba
B2: non-investment grade bond, differs slightly from B1
B3: non-investment grade bond, differs slightly from B2
Caa: highly speculative bond, carries a very high risk of default
Ca: highly speculative bond, differs slightly from Caa
C: highly speculative bond, differs slightly from Ca
Wr: withdrawn rating
Fitch
AAA: highest creditworthiness, judged to be the least risky
AA+: high creditworthiness, presents very low credit risk
AA: high creditworthiness, differs slightly from AA+
AA-: high creditworthiness, differs slightly from AA
A+: upper-medium-grade bond, subject to low credit risk
A: upper-medium-grade bond, differs slightly from A+
A-: upper-medium-grade bond, differs slightly from A
BBB+: medium-grade bond, subject to moderate credit risk
BBB: medium-grade bond, differs slightly from BBB+
BBB-: medium-grade bond, considered the lowest investment grade rating by Fitch
BB+: non-investment grade bond, also known as "junk bond", carries significant investment risk
BB: non-investment grade bond, differs slightly from BB+
BB-: non-investment grade bond, differs slightly from BB
B+: highly speculative bond, carries a very high risk of default
B: highly speculative bond, differs slightly from B+
B-: highly speculative bond, differs slightly from B
Caa: highly speculative bond, differs slightly from B-
Ca: highly speculative bond, differs slightly from Caa
C: highly speculative bond, differs slightly from Ca
RD: restricted default
D: default
It is important to note that these ratings are opinions and should not be considered as investment advice. You should always do your own research before making any investment decisions.
Here are some additional resources that you may find helpful:
Moody's Investor Service: https://www.moodys.com/
Fitch Ratings: https://www.fitchratings.com/