AAA |
Capacity for timely payment is extremely strong. |
AA |
Capacity for timely payment is very strong, but somewhat less than ‘AAA’ |
A |
Capacity for timely payment is strong, but somewhat susceptible to external changes in the future. |
BBB |
Capacity for timely payment is adequate, but more likely to be weakened by future market changes |
BB |
Capacity for timely payment faces no immediate problems, but speculative in its future stability |
B |
Capacity for timely payment is poor and speculative. |
CCC |
Contain the possibility of default |
CC |
Contain more possibility of default |
C |
Highly likely default |
D |
In default at the present time |