AAA |
Debt fulfillment ability is at the highest level. |
AA |
Debt fulfillment ability is very good, but there are factors that are somewhat inferior to AAA. |
A |
Debt fulfillment ability is excellent but is more susceptible to economic downturn and environmental changes compared to higher grades. |
BBB |
Debt fulfillment ability is good, but there is a potential that the debt fulfillment ability will deteriorate due to the future economic downturn and environmental changes. |
BB |
There is no problem in the debt fulfillment ability but there is a speculative element in terms of stability depending on changes in economic conditions and market environment. |
B |
There is debt fulfillment ability but has potential speculative in terms of stability as there is a potential of default in the event of economic downturn in the future. |
CCC |
Highly speculative as the company implies potential of default at the present. |
CC |
There is a high potential of default. |
C |
The potential of default is very high. |
D |
Currently in default. |