Standard & Poor's: AAA, AA, A, BBB, BB, B, CCC, CC, C, D, among which AAA is the highest rating.
Moody's: aaa, Aa, A, Baa, Ba, B, Caa, Ca, C, among which Aaa is the highest rating.
Fitch: AAA, AA, A, BBB, BB, B, CCC, CC, C, D, among which AAA is the highest rating.
Importance of rating
Rating is the rating issued by the three major rating agencies on financial products such as bonds, debts and credit cards. For the bond market, rating is generally used to assess the risk of bond default. For personal credit, rating is used to measure an individual's ability to repay debts. Generally speaking, the higher the rating, the lower the risk and the better the reputation. The specific significance is as follows:
AAA/Aaa: The highest rating means that it has a high degree of credit and complete repayment ability.
AA/Aa: High rating indicates strong credit and excellent repayment ability.
A: Intermediate rating means relatively good credit and repayment ability.
BBB/Baa: The rating is low, but the risk of default is small, so it is still reliable.
BB/Ba: High-risk rating, which is recommended to be carefully considered.
B: High risk rating, high risk of default, and need to invest carefully.
CCC/Caa and below: extremely high risk rating, investment is not recommended, and the risk is extremely high. ?
Rating is of great significance to investors, financial institutions and credit companies. Because they can be used as reference standards to help them better decide whether to invest or lend. At the same time, when investing in the bond market or applying for personal credit, having a higher rating can get more favorable interest rates and conditions.