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AAA |
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Highest |
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The
company has exceptionally strong capacity
for timely payment of financial commitments. |
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AA |
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Very High |
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The
company has very strong capacity to meet
its financial commitments but carries a
higher risk than companies in the AAA category.
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A |
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High |
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The
company has strong capacity to meet its
financial commitments, but has less stability
than companies in higher rated categories.
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BBB |
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Good |
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The
company has adequate capacity to meet financial
commitments, but is expected to have less
stability in the future than companies in
higher rated categories.
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BB |
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Above
Average |
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The
company is expected to be vulnerable to
adverse changes in circumstances and economic
conditions, but still has the capacity to
meet its financial commitments. |
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B |
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Average |
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The
company's stability is expected to be impaired
by adverse changes in circumstances and
economic conditions, but has capacity to
meet its financial commitments at present.
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CCC |
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Below
Average |
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The
company's capacity for meeting financial
commitments is solely reliant upon sm |
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CC |
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Poor |
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The
company manages to operate at present, but
is vulnerable to nonpayment, posing high
default risk.
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C |
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Very Poor |
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The
company is highly vulnerable to nonpayment,
posing very high default risk.
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D |
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Default |
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The
company defaulted or is facing impending
default on its financial obligations.
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R1 |
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Not-Rated |
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As
of the recent fiscal year-end, less than
two years have passed since the business
start.
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R2 |
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Less
than two years have passed since the company's
change of its fiscal
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year-end
or incorporation in succession to its sole
proprietorship.
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R3 |
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The
subject is a public entity or financial
institution.
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F1 |
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The
company declined to provide sufficient or
relevant data and information.
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F2 |
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Financial
statements lack the credibility for credit
rating purposes.
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