Credit Rating Scores -

Often called "junk bonds," signaling higher default risk or actual default.

: The entity is currently in default on its financial commitments. The Rating & Review Process credit rating scores

: Exceptionally strong credit quality; the highest rating possible. Often called "junk bonds," signaling higher default risk

: A "Positive," "Stable," or "Negative" outlook indicates the potential direction of a rating over the next 1–2 years. Often called "junk bonds

: Ratings bridge the information gap, helping them decide which bonds or securities align with their risk tolerance.

: Good credit quality but more vulnerable to adverse economic conditions. Speculative Grade (BB+ to D) :