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RATED ENTITIES AND INSTRUMENTS
Here we present all current and past ratings assigned to our client's bonds and other debt instruments. The most recent updates are provided. The ratings for debt instruments that are redeemed are marked with asterisks (*).
CREDIT RATING DEFINITIONS
INVESTMENT GRADE RATING | DEFINITION |
|---|---|
mnAAA | have exceptional credit quality and the lowest expectation of default risk. |
mnAA | have very high credit quality with a very low default risk. |
mnA | have high credit quality with a low default risk. |
mnBBB | have medium credit quality with a moderate default risk. |
SPECULATIVE GRADE RATING | DEFINITION |
|---|---|
mnBB | have speculative credit quality with a slightly increased default risk. |
mnB | have highly speculative credit quality with an increased default risk. |
mnCCC | have very low credit quality with a high default risk. |
mnCC | have very low credit quality and an event of default is very likely. |
mnC | have the lowest credit quality and an event of default is imminent. |
D | 'D' rated entities are in default. |
SD | “SD” (selective default) rated entities are in default on certain debt instruments. |
Plus (+) and minus (-) | Rating categories are modified by a plus (+) or a minus (-) as necessary to indicate their relative position within the rating category |
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