Credit Risk | Moody's | Standard & Poor's |
---|---|---|
Investment Grade | ||
Highest Quality | Aaa | AAA |
High Quality (very strong) | Aa | AA |
Upper Medium Grade | A | A |
Medium Grade | Baa | BBB |
Non-Investment Grade | ||
Somewhat Speculative | Ba | BB |
Highly Speculative | Caa | CCC |
Most Speculative | Ca | CC |
Imminent Default | C | C |
Default | C | D |