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| Rating (Moody's) (S & P) | Definition | |
|---|---|---|
| Aaa | AAA | Exceptional credit quality and lowest expectation of investment risk |
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Excellent credit quality and very low expectation of investment risk |
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Good credit quality and currently low expectation of investment risk |
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Adequate credit quality and currently low expectation of investment risk |
| Rating (Moody's) (S & P) | Definition | |
|---|---|---|
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Questionable credit quality and possibility of investment risk developing |
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Generally poor credit quality and investment risk exist |
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Extremely poor credit quality and currently perceived possibility of default |
| - | D | Default |