Rating

A.M. Best

Standard & Poor's

Fitch

A++ Superior

AAA Extremely Strong

AAA Secure/Highest

Aaa Exceptional

A+ Superior

AA+ Very Strong

AA+ Secure/Very High

Aa1 Excellent

A Excellent

AA Very Strong

AA Secure/Very High

Aa2 Excellent

A- Excellent

AA- Very Strong

AA- Secure/Very High

Aa3 Excellent

B++ Very Good

A+ Strong

A+ Secure/High

A1 Good

B+ Good

A Strong

A Secure/High

A2 Good

B Fair

A- Strong

A- Secure/High

A3 Good

B- Fair

BBB+ Good

BBB+ Secure/Adequate

Baa1 Adequate

C++ Marginal

BBB Good

BBB Secure/Adequate

Baa2 Adequate

C+ Marginal

BBB- Good

BBB- Secure/Adequate

Baa3 Adequate

C Weak

BB+ Marginal

BB+ Uncertain

Ba1 Questionable

C- Weak

BB Marginal

BB Uncertain

Ba2 Questionable

D Poor

BB- Marginal

BB- Uncertain

Ba3 Questionable

E Under State Supervision

B+ Weak

B+ Possessing Risk

B1 Poor

F In Liquidation

B Weak

B Possessing Risk

B2 Poor

S Rating Suspended

B- Weak

B- Possessing Risk

B3 Poor

CCC+ Very Weak

CCC Substantial Risk

Caa Very Poor

CCC Very Weak

DD Liquidating

Ca Extremely

CCC- VeryWeak

SR Suspended Rating Poor

C Lowest

CC Extremely Weak