Extremely Strong
AAA AAApi AAAt
Very Strong
AA+ AA+pi AA+t AApi Aat AA AA- AA-pi AA-t
Strong
A+ A+pi A+t Api At A A- A-pi A-t
Adequate
BBB+ BBB+pi BBB+t BBB BBBpi BBBt BBB- BBB-pi BBB-t
Less Vulnerable
BB+ BB+pi BB+t BB BBpi BBt BB- BB-pi BB-t
More Vulnerable
B+ B+pi B+t B Bpi Bt B- B-pi B-t
Currently Vulnerable
CCC+ CCC+pi CCC+t CCCpi CCCt CCC CCC- CCC-pi CCC-t
Highly Vulnerable
CCpi CCt CC C+ C+pi C+t C Cpi Ct
Selective Default
SD SDpi SDt
Default
D+ D+pi D+t Dpi Dt D
Regulatory Supervision
R Rpi Rt