|Rating Agency||Current Rating||Last Evaluation Date|
Moody's has nine rating categories, from Aaa to C, and S&P has 10 rating categories, from AAA to D. Ratings from Aaa to Baa are considered investment-graded by Moody's, and ratings from AAA to BBB are considered investment-graded by S&P. When rating agencies evaluate a credit rating, they also attach a "rating outlook" to each rating. "Positive" means that a rating may be raised, "Negative" means that a rating may be lowered, and "Stable" means that a rating is not likely to change.
|Investment Grade||Aaa||AAA||Highest quality|
|Aa||AA||High quality (very strong)|
|A||A||Upper medium grade (strong)|
|Non-investment Grade||Ba||BB||Lower medium grade (somewhat speculative)|
|B||B||Low grade (speculative)|
|Caa||CCC||Poor quality (may default)|
|C||C||No interest being paid or bankruptcy petition filed|
|Current Rating||Last Evaluation Date|
- KIS: Korea Investors Service
- KR: Korea Ratings
- NICE: NICE Investors Service
There are 10 rating categories for bond ratings, from AAA to D. While obligors in rating categories AAA to BBB are considered investment-graded, having more than adequate abilities to meet their financial commitments in a timely fashion, those in rating categories BB to C are believed to contain speculative characteristics in terms of their redemption stability. Obligors in category D are in default.