Rating Agency Reports

The Big Three credit rating agencies are Standard & Poor's (S&P), Moody's, and Fitch Group.
Moody's Report - July 2021
Moody's Report - July 2018
Moody's Report - January 2018
S&P Report - 2017
Moody's Report - 2016
Moody's Report - 2014
S&P Report - 2014
Moody's S&P and Fitch Rating Description
Aaa AAA Prime - Investment Grade
Aa1 AA+ High Grade - Investment Grade
Aa2 AA High Grade - Investment Grade
Aa3 AA- High Grade - Investment Grade
A1 A+ Upper Medium Grade - Investment Grade
A2 A Upper Medium Grade - Investment Grade
A3 A- Upper Medium Grade - Investment Grade
Baa1 BBB+ Lower Medium Grade - Investment Grade
Baa2 BBB Lower Medium Grade - Investment Grade
Baa3 BBB- Lower Medium Grade - Investment Grade
Ba1 BB+ Non-Investment Grade - Speculative
Ba2 BB Non-Investment Grade - Speculative
Ba3 BB- Non-Investment Grade - Speculative