Domestic Credit Rating
International Credit Rating
Credit Rating Definition
| Credit Rating | Definition |
|---|---|
| AAA | The highest level of capacity of the obligor to honor its financial commitment on the obligation |
| AA | A very high level of capacity to honor the financial commitment on the obligation but lower than AAA rating |
| A | Subject to economic conditions |
| BBB | An adequate level of capacity to honor the financial commitment on the obligation. However, this capacity is more likely to diminish in the future than in cases of the higher rating categories. |
| BB | Although the level of capacity to honor the financial commitment on the obligation is not considered problematic at present, this capacity may not persist in the future. |
| B | A low level of capacity to honor the financial commitment on the obligation, having cause for concern. |
| CCC | There are factors of uncertainty that the financial commitment on the obligation will be honored, and a possibly of default. |
| CC | A high default risk |
| C | A very high default risk |
| D | In default |
* For ratings from AA to B, a plus (+) or minus (−) sign may be added to indicate the relative standing within each rating category.
Long-term credit rating
| Credit Rating | Definition | |
|---|---|---|
| Investment grade | Aaa | Rated as the highest quality and lowest credit risk |
| Aa1 Aa2 Aa3 |
Rated as high quality and very low credit risk. Circumstances | |
| A1 A2 A3 |
Rated as upper-medium grade and low credit risk | |
| Baa1 Baa2 Baa3 |
Rated as medium grade, with some speculative elements and moderate credit risk | |
| Junk status | Ba1 Ba2 Ba3 |
Judged to have speculative elements and a significant credit risk |
| B1 B2 B3 |
Judged as being speculative and a high credit risk | |
| Caa1 Caa2 Caa3 |
Rated as poor quality and very high credit risk | |
| Ca | Judged to be highly speculative and with likelihood of being near or in default, but some possibility of recovering principal and interest | |
| C | Rated as the lowest quality, usually in default and low likelihood of recovering principal or interest | |
Short-term credit rating
| Credit Rating | Definition | |
|---|---|---|
| Investment grade | P-1(Prime -1) | Rated as high quality and very low credit risk. Circumstances |
| P-2(Prime -2) | High ability to repay short term debt | |
| P-3(Prime -3) | Acceptable ability to repay short term debt | |
| Junk status | NP(Not Prime) | Do not fall within any of the prime categories |