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Ratings Details
S&P
Moody's
Fitch Ratings
Long-term Issuer
BBB+ (OS)
5/30/2017
Baa2 (OS)
7/16/2019
-
Ratings Watch Action Legend: (WP) Watch Positive, (WN) Watch Negative, (WU) Watch Uncertain, (WR) Watch Removed, (OP) Outlook Positive, (ON) Outlook Negative, (OS) Outlook Stable, (OD) Outlook Developing
Long-Term Ratings Scale
Moody's
Highest Quality
(P)Aaa
Aaa
High Quality
Aa1
(P)Aa1
(P)Aa2
Aa2
Aa3
(P)Aa3
Upper-Medium Quality
(P)A1
A1
A2
(P)A2
(P)A3
A3
Medium-Grade Quality
Baa1
(P)Baa1
(P)Baa2
Baa2
Baa3
(P)Baa3
Substantial Risk
(P)Ba1
Ba1
Ba2
(P)Ba2
(P)Ba3
Ba3
High Risk
B1
(P)B1
(P)B2
B2
B3
(P)B3
Very High Risk
(P)Caa1
Caa1
Caa2
(P)Caa2
(P)Caa3
Caa3
Highly Speculative
(P)Ca
Ca
Default
C
(P)C
S&P
Extremely Strong
AAA
AAApi
AAAt
Very Strong
AA+
AA+pi
AA+t
AApi
Aat
AA
AA-
AA-pi
AA-t
Strong
A+
A+pi
A+t
Api
At
A
A-
A-pi
A-t
Adequate
BBB+
BBB+pi
BBB+t
BBB
BBBpi
BBBt
BBB-
BBB-pi
BBB-t
Less Vulnerable
BB+
BB+pi
BB+t
BB
BBpi
BBt
BB-
BB-pi
BB-t
More Vulnerable
B+
B+pi
B+t
B
Bpi
Bt
B-
B-pi
B-t
Currently Vulnerable
CCC+
CCC+pi
CCC+t
CCCpi
CCCt
CCC
CCC-
CCC-pi
CCC-t
Highly Vulnerable
CCpi
CCt
CC
C+
C+pi
C+t
C
Cpi
Ct
Selective Default
SD
SDpi
SDt
Default
D+
D+pi
D+t
Dpi
Dt
D
Regulatory Supervision
R
Rpi
Rt
Issuer ratings are S&P/Moody’s/Fitch respectively. A security rating is not a recommendation to buy, sell or hold securities and should be evaluated independently of any other rating. The rating is subject to revision or withdrawal at any time by the assigning rating organization.
Copyright© 2020, Fitch Ratings, Inc., Fitch Ratings, Ltd. and its subsidiaries (“Fitch”). Reproduction of the Fitch credit ratings in any form is prohibited except with the prior written permission of Fitch. Fitch does not guarantee the accuracy, completeness, timeliness or availability of any information, including ratings, and is not responsible for any errors or omissions (negligent or otherwise), regardless of the cause, or for the results obtained from the use of ratings. FITCH GIVES NO EXPRESS OR IMPLIED WARRANTIES, INCLUDING, BUT NOT LIMITED TO, ANY WARRANTIES OF MERCHANTABILITY OR FITNESS FOR A PARTICULAR PURPOSE OR USE. Fitch shall not be liable for any direct, indirect, incidental, exemplary, compensatory, punitive, special or consequential damages, costs, expenses, legal fees, or losses (including lost income or profits and opportunity costs or losses caused by negligence) in connection with any use of the Fitch credit ratings. Fitch’s ratings are statements of opinions and are not statements of fact or recommendations to purchase, hold or sell securities. Fitch credit ratings do not address the market value of securities or the suitability of securities for investment purposes, and should not be relied on as investment advice.