Long Term Structured Finance Instruments :

These instruments are with original maturity exceeding one year.

AAA (SO) – Instruments with this rating are considered to have the highest degree of safety regarding timely servicing of financial obligations. Such instruments carry lowest credit risk.

AA (SO) – Instruments with this rating are considered to have high degree of safety regarding timely servicing of financial obligations. Such instruments carry very low credit risk.

A (SO) – Instruments with this rating are considered to have adequate degree of safety regarding timely servicing of financial obligations. Such instruments carry low credit risk.

BBB (SO) – Instruments with this rating are considered to have moderate degree of safety regarding timely servicing of financial obligations. Such instruments carry moderate credit risk.

BB(SO) – Instruments with this rating are considered to have moderate risk of default regarding timely servicing of financial obligations.

B(SO) – Instruments with this rating are considered to have high risk of default regarding timely servicing of financial obligations.

C (SO) – Instruments with this rating are considered to have very high likelihood of default regarding timely payment of financial obligations.

D (SO) – Instruments with this rating are in default or are expected to be in default soon.

Modifiers {“+” (plus) / “-“(minus)} can be used with the rating symbols for the categories AA(SO) to
C(SO). The modifiers reflect the comparative standing within the category.