Long Term Debt Instruments :

These instruments are with original maturity exceeding one year.

AAA – 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 – 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 – 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 – 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 – Instruments with this rating are considered to have moderate risk of default regarding timely servicing of financial obligations.

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

C – Instruments with this rating are considered to have very high risk of default regarding timely servicing of financial obligations.
D – 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 to C.
The modifiers reflect the comparative standing within the category.