- Aaa rated titles with this rating contain less investment risk. Interest payments are covered by an exceptionally stable margin and principal is secure payment. Although it is likely to change protection elements are not expected to alter the fundamental soundness of these emissions.
- Aa Shares who hold this rating are considered of high quality in every way. Forman, together with the Aaa group called high quality. Your score is lower than Aaa banks because their less extensive protection. The fluctuation of protective elements may be greater, or there may be other elements that do perceive that the long-term risk is higher than the Aaa rated securities.
- A qualified titles have good qualities as investment instruments, and should be considered as upper-middle quality requirements. The factors giving security to principal and interest payment is adequate, but there may be elements that suggest a possible deterioration in the future.
- Titles rated Baa Baa are considered of medium quality are neither highly protected nor little backed up. Interest payments and principal are considered adequately protected, but some elements of protection may not exist or be unreliable in the long term. These instruments lack the qualities of excellence as investment vehicles, in fact, also have speculative characteristics.
- Ba Titles rated Ba are considered to contain speculative elements, their future is not secure. Often the interest and principal payments may be modestly protected, therefore, be vulnerable in the future. These titles are characterized by uncertainty.
- B titles with this rating are not usually desirable qualities such as investment vehicles. Security in compliance with the payments of principal and interest or other contract may be limited long term.
- Caa titles with this rating are of low quality. These emissions can have complied with the payments now or may contain elements of danger with respect to payment of principal and interest.
- Titles rated Ca are highly speculative obligations. These emissions may have often failed payments or have other marked shortcomings.
- C titles with this rating are in the lowest category qualified title, and the possibility that these emissions reach ever investment value is remote.
Moody's rating scale applies numerical change 1,2,3 to each generic category from the Aa to B. The modifier 1 indicates titles in the mid-range category, the modifier 3 indicates emissions in the lower end of that generic category.