| Author | Message | ||
     Ashton Side Hero Username: Ashton Post Number: 4492 Registered: 05-2008 Posted From: 66.90.104.94 Rating: N/A |
http://uk.finance.yahoo.com/news/fitch-slashes-bp-rating-owi ng-to-oil-spill-afp-241f6024f24b.html?x=0 Like S&P, Fitch also uses intermediate +/- modifiers for each category between AA and CCC (e.g., AA+, AA, AA-, A+, A, A-, BBB+, BBB, BBB-, etc.). Investment grade * AAA : the best quality companies, reliable and stable * AA : quality companies, a bit higher risk than AAA * A : economic situation can affect finance * BBB : medium class companies, which are satisfactory at the moment Non-investment grade (also known as junk bonds) * BB : more prone to changes in the economy * B : financial situation varies noticeably * CCC : currently vulnerable and dependent on favorable economic conditions to meet its commitments * CC : highly vulnerable, very speculative bonds * C : highly vulnerable, perhaps in bankruptcy or in arrears but still continuing to pay out on obligations * D : has defaulted on obligations and Fitch believes that it will generally default on most or all obligations * NR : not publicly rated |
