LACE Financial

Their evaluations are based mainly on the following four indicators:
Liquidity, Asset Quality, Capital Adequacy, and Earnings. LACE takes into consideration also country risk, management and control, and principal lines of business.

A+, A, B+ = Very strong financial condition
B, B-, C+ = Strong financial condition
C, C- = Below investment grade
D, E = Institutions rated by D or E are probably in a bad financial situation and you should be careful when investing in such institutions.