국내 신용등급
Moody’s |
S&P |
Definition |
Aaa |
AAA |
The ability to repay debt is very high. Stability is at the highest level. |
Aa1/Aa2/Aa3 |
AA+/AA/AA- |
The ability to repay debt is high. It carries slightly more risk than AAA bonds, but stability is at a high level. |
A1/A2/A3 |
A+/A/A- |
The ability to repay debt is sufficient, and stability is at an upper-middle level; however, it is somewhat susceptible to the effects of
adverse economic conditions and environmental factors compared to higher ratings.
|
Baa1/Baa2/Baa3 |
BBB+/BBB/BBB- |
Stability is moderate. Current debt repayment ability is satisfactory, but there is a possibility that future repayment capacity may decline due
to adverse economic conditions and environmental factors compared to higher ratings.
|
Ba1/Ba2/Ba3 |
BB+/BB/BB- |
The likelihood of default occurring in the near future is relatively low, but there is uncertainty regarding future safety, which introduces
speculative elements.
|
B1/B2/B3 |
B+/B/B- |
If the management environment deteriorates, the likelihood of default increases, introducing speculative elements and raising the level of risk.
|
Caa1/Caa2/Caa3 |
CCC+/CCC/CCC- |
There is a possibility of default at present, which results in a high level of risk and many speculative elements. |
Ca |
CC |
The likelihood of default is quite high at present, resulting in a very high level of risk. |
C |
C |
Bankruptcy filing or similar situations may occur, but debt repayment is being made on a limited basis. |
- |
D |
In a state of insolvency. |
* Among the aforementioned ratings, Moody’s uses 1, 2, and 3, while S&P adds + and - to indicate the relative ranking within the same rating category.