CP Ratings Definition
Rating | Definition |
---|---|
A1 | Highest likelihood of timely repayment. |
A2 | High likelihood of timely repayment. The likelihood may, nevertheless, be slightly lower than is the case for the highest rating category (A1). |
A3 | Moderate likelihood of timely repayment, but this likelihood may be subject to short-term changes in circumstances. |
B | Some uncertainty over the likelihood of timely repayment and is considered speculative. |
C | Questionable likelihood of timely repayment and very high risk of default. |
D | Default |
- * ‘+' or '-' modifier can be attached to ratings through A2 to B to differentiate ratings within broad rating categories.