Entire IR Site Press Releases Only Filings Only Credit Ratings   Long-Term Ratings   Fitch   Highest Credit Quality     AAA   AAA(EXP)   AAApre   Very High Credit Quality     AA+   AA+(EXP)   AA   AA(EXP)   AA-   AA-(EXP)   High Credit Quality     A+   A+(EXP)   A   A(EXP)   A-   A-(EXP)   Good Credit Quality     BBB+   BBB+(EXP)   BBB   BBB(EXP)   BBB-   BBB-(EXP)   Speculative     BB+   BB+(EXP)   BB   BB(EXP)   BB-   BB-(EXP)   Highly Speculative     B+   B+(EXP)   B   B(EXP)   B-   B-(EXP)   High Default Risk     CCC+   CCC+(EXP)   CCC   CCC(EXP)   CCC-   CCC-(EXP)   CC   CC(EXP)   C   Default     DDD   DD   D  Moody's   Highest Quality     (P)Aaa   Aaa   High Quality     Aa1   (P)Aa1   (P)Aa2   Aa2   Aa3   (P)Aa3   Upper-Medium Quality     (P)A1   A1   A2   (P)A2   (P)A3   A3   Medium-Grade Quality     Baa1   (P)Baa1   (P)Baa2   Baa2   Baa3   (P)Baa3   Substantial Risk     (P)Ba1   Ba1   Ba2   (P)Ba2   (P)Ba3   Ba3   High Risk     B1   (P)B1   (P)B2   B2   B3   (P)B3   Very High Risk     (P)Caa1   Caa1   Caa2   (P)Caa2   (P)Caa3   Caa3   Highly Speculative     (P)Ca   Ca   Default     C   (P)C  S&P   Extremely Strong     AAA   AAApi   AAAt   Very Strong     AA+   AA+pi   AA+t   AApi   Aat   AA   AA-   AA-pi   AA-t   Strong     A+   A+pi   A+t   Api   At   A   A-   A-pi   A-t   Adequate     BBB+   BBB+pi   BBB+t   BBB   BBBpi   BBBt   BBB-   BBB-pi   BBB-t   Less Vulnerable     BB+   BB+pi   BB+t   BB   BBpi   BBt   BB-   BB-pi   BB-t   More Vulnerable     B+   B+pi   B+t   B   Bpi   Bt   B-   B-pi   B-t   Currently Vulnerable     CCC+   CCC+pi   CCC+t   CCCpi   CCCt   CCC   CCC-   CCC-pi   CCC-t   Highly Vulnerable     CCpi   CCt   CC   C+   C+pi   C+t   C   Cpi   Ct   Selective Default     SD   SDpi   SDt   Default     D+   D+pi   D+t   Dpi   Dt   D   Regulatory Supervision     R   Rpi   Rt  AMBest   Exceptional     aaa   Very Strong     aa+   aa   aa-   Strong     a+   a   a-   Adequate     bbb+   bbb   bbb-   Speculative     bb+   bb   bb-   Very Speculative     b+   b   b-   Extremely Speculative     ccc+   ccc   ccc-   cc   c   Default     d   Short-Term Ratings   Fitch   Exceptionally High Quality     F1+   F1+(EXP)   High Quality     F1   F1(EXP)   Good Quality     F2   F2(EXP)   Fair Quality     F3   F3(EXP)   Speculative     B   B(EXP)   High Default Risk     C   C(EXP)   Default     D   D(EXP)  Moody's   Superior     (P)MIG 1   (P)P-1   (P)VMIG 1   MIG 1   P-1   VMIG 1   Strong     VMIG 2   P-2   MIG 2   (P)VMIG 2   (P)P-2   (P)MIG 2   Acceptable     (P)MIG 3   (P)P-3   (P)VMIG 3   MIG 3   P-3   VMIG 3   Not Prime     NP   (P)NP  S&P   Extremely Strong     A-1+   Strong     A-1   Satisfactory     A-2   Adequate     A-3   More Vulnerable     B   B-1   B-2   B-3   Highly Vulnerable     C   Selective Default     SD   Default     D   Regulatory Supervision     R  AMBest   Strongest     AMB-1+   Outstanding     AMB-1   Satisfactory     AMB-2   Adequate     AMB-3   Speculative     AMB-4   Financial Strength Ratings   Fitch   Exceptionally Strong     AAA   AAAq   Very Strong     AA+   AA+q   AAq   AA   AA-   AA-q   Strong     A+   A+q   Aq   A   A-   A-q   Good     BBB+   BBB+q   BBBq   BBB   BBB-   BBB-q   Moderately Weak     BB+   BB+q   BB   BBq   BB-   BB-q   Weak     B+   B+q   B   Bq   B-   B-q   Very Weak     CCC+   CCC+q   CCCq   CCC   CCC-   CCC-q   CCq   CC   Cq   C   Distressed     DDD   DDDq   DDq   DD   Dq   D  Moody's   Exceptional Security     Aaa   Excellent Security     Aa1   Aa2   Aa3   Good Security     A1   A2   A3   Adequate Security     Baa1   Baa2   Baa3   Questionable Security     Ba1   Ba2   Ba3   Poor Security     B1   B2   B3   Very Poor Security     Caa1   Caa2   Caa3   Extremely Poor Security     Ca   C  S&P   Extremely Strong     AAA   AAApi   Very Strong     AA+   AA+pi   AApi   AA   AA-   AA-pi   Strong     A+   A+pi   Api   A   A-   A-pi   Good     BBB+   BBB+pi   BBBpi   BBB   BBB-   BBB-pi   Marginal     BB+   BB+pi   BB   BBpi   BB-   BB-pi   Weak     B+   B+pi   B   Bpi   B-   B-pi   Very Weak     CCC+   CCC+pi   CCCpi   CCC   CCC-   CCC-pi   Extremely Weak     CCpi   CC   Regulatory Action     R  AMBest   Superior     A++   A+   A++q   A+q   A++pd   A+pd   Excellent     A   A-   Aq   A-q   Apd   A-pd   Very Good     B++   B+   B++q   B+q   B++pd   B+pd   Fair     B   B-   Bq   B-q   Bpd   B-pd   Marginal     C++   C+   C++q   C+q   C++pd   C+pd   Weak     C   C-   Cq   C-q   Cpd   C-pd   Poor     D   Dq   Dpd   Under Regulatory Supervision     E   Eq   Epd   In Liquidation     F   Suspended     S   Copyright© 2020, Fitch Ratings, Inc., Fitch Ratings, Ltd. and its subsidiaries (“Fitch”). 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