Rank | A.M. Best | Standard & Poor’s | Moody’s | Fitch |
1 | A++ Secure / Superior | AAA Extremely Strong | Aaa Exceptional | AAA Secure / Highest |
2 | A+ Secure / Superior | AA+ Very Strong | Aa1, Aa2, Aa3 Excellent | AA+ Secure / Very High |
3 | A Secure / Excellent | AA Very Strong | A1, A2, A3 Good | AA Secure / Very High |
4 | A- Secure / Excellent | AA- Very Strong | Baa1, Baa2, Baa3 Adequate | AA- Secure / Very High |
5 | B++ Secure / Very Good | A+ Strong | Ba1, Ba2, Ba3 Questionable | A+ Secure / High |
6 | B+ Secure / Good | A Strong | B1, B2, B3 Poor | A Secure / High |
7 | B Vulnerable / Fair | A- Strong | Caa Very Poor | A- Secure / High |
8 | B- Vulnerable / Fair | BBB+ Good | Ca Extremely Poor | BBB+ Secure / Adequate |
9 | C++ Vulnerable / Marginal | BBB Good | C Lowest | BBB Secure / Adequate |
10 | C Vulnerable / Weak | BB+ Marginal | | BB+ Uncertain |
11 | C- Vulnerable / Weak | BB Marginal | | BB Uncertain |
12 | D Vulnerable / Poor | BB- Marginal | | BB- Uncertain |
13 | E Vulnerable / Under State Supervision | B+ Weak | | B+ Possessing Risk |
14 | F Vulnerable / In Liquidation | B Weak | | B Possessing Risk |
15 | S Rating Suspended | B- Weak | | B- Possessing Risk |
16 | | CCC+ Very Weak | | CCC Substantial Risk |
17 | | CCC Very Weak | | DD Liquidating |
18 | | CCC- Very Weak | | SR Suspended Rating |
19 | | CC Extremely Weak | | |
20 | | R Regulatory Action | | |
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