Investment ratings
| Moody’s | S&P | Fitch | DBRS | Term | Description | ||||
|---|---|---|---|---|---|---|---|---|---|
| Long Term |
Short Term |
Long Term |
Short Term |
Long Term |
Short Term |
Long Term |
Short Term |
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| Aaa | P-1 | AAA | A-1+ | AAA | F1+ | AAA | R-1 (high) | Prime (Triple A) | The highest rating, very high ability to timely and fully meet its debt obligations. |
| Aa1 | AA+ | AA+ | AAhigh | R-1 (middle) | High grade | High ability to timely and fully meet their debt obligations. | |||
| Aa2 | AA | AA | AA | ||||||
| Aa3 | AA- | AA- | AAlow | ||||||
| A1 | A+ | A-1 | A+ | F1 | Ahigh | R-1 (low) | Upper Medium grade | Moderately high ability to timely and fully meet its debt obligations, but a greater sensitivity to the impact of adverse changes in commercial, financial and economic conditions. | |
| A2 | A | A | A | ||||||
| A3 | P-2 | A- | A-2 | A- | F2 | Alow | R-2 (high) | ||
| Baa1 | BBB+ | BBB+ | BBBhigh | R-2 (middle) | Lower Medium grade | Sufficient ability to timely and fully meet their debt obligations, but a higher sensitivity to the impact of adverse changes in commercial, financial and economic conditions. | |||
| Baa2 | P-3 | BBB | A-3 | BBB | F3 | BBB | R-2 (low) | ||
| Baa3 | BBB- | BBB- | BBBlow | R-3 | |||||
| Ba1 | Not Prime | BB+ | B | BB+ | B | BBhigh | R-4 | Non Investmentgrade speculative |
Out of danger in the short term, but a higher sensitivity to the impact of adverse changes in commercial, financial and economic conditions. |
| Ba2 | BB | BB | BB | ||||||
| Ba3 | BB- | BB- | BBlow | ||||||
| B1 | B+ | B+ | Bhigh | R-5 | Highly Speculative | Higher vulnerability in the presence of unfavorable commercial, financial and economic conditions, but it is possible to fulfill the obligations on time and in full. | |||
| B2 | B | B | B | ||||||
| B3 | B- | B- | Blow | ||||||
| Caa1 | CCC+ | C | CCC | C | CCC | D | Substantial risks | There is a potential possibility of the issuer failing to meet its debt obligations; The timely performance of debt obligations is largely dependent on favorable commercial, financial and economic conditions. | |
| Caa2 | CCC | CC | Extremely speculative | ||||||
| Caa3 | CCC- | C | In default with little prospect for recovery |
High probability of default by the issuer of its debt obligations. the bankruptcy procedure has been initiated against the issuer or a similar action has been taken, but payments or performance of debt obligations continue. |
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| Ca | CC | ||||||||
| C | |||||||||
| C | D | / | DDD | / | D | / | In default | Default on debt obligations. default is a refusal to pay debts, default, failure to make payments on received loans and loans on agreed terms. |
|
| / | DD | ||||||||
| / | D | ||||||||
Rating for early 2012
| AAA | Canada, Australia, Finland, Denia, Norway, Netherlands, Singapore, Switzerland, Sweden, Great Britain, Germany, Luxembourg. |
| AA+ | US, France, Austria. |
| AAA | Belgium, New Zealand. |
| AAA- | China, Japan, Czech Republic, Estonia, Irland. |
| A+ | Words, Kuwait, Israel. |
| A | Slovakia, Saudi Arabia, Spain. |
| A- | Poland, Malt. |
| BBB+ | SAR, Italy. |
| BBB | Oman, Thailand, Russia, Mexico, Peru. |
| BBB- | India, Croats, Bulgaria, Turkey. |
| BB+ | Cypre, Romania, Latvia, Hungary. |
| BB | Philippines, Portugal. |
| BB- | Vietnam. |
| B+ | Venezuela. |
| B | Indonesia, Pakistan, Egypt, Uruguay. |
| CC+ | Ecuador. |
| CCC | Greece. |
| CC | Dominican Republic. |
| SD | Paraguay. |
