|
AAA
|
Ability to discharge debt is at the highest level |
|
AA
|
The ability to pay debts is very good, but there is an element that is somewhat inferior to AAA |
|
A
|
Excellent debt performance, but prone to economic downturns and environmental changes compared to higher grades |
|
BBB
|
Although the debt performance capacity is good, there is a possibility that the debt performance capacity will decrease due to the future recession and environmental changes. |
|
BB
|
There is no problem with the ability to fulfill the debt, but due to changes in economic conditions and the market environment, there are speculative factors in terms of stability. |
|
B
|
It has the ability to perform debts, but it is speculative in terms of stability due to the possibility of defaulting in the event of future deterioration of the economic environment. |
|
CCC
|
It is highly speculative because it implies the possibility of default at this point in time. |
|
CC
|
High probability of default |
|
C
|
Very likely to default |
|
D
|
Currently in default |
