Rank Number A.M. Best Fitch Moody's Standard & Poor's Weiss Ratings
1 A++
Secure / Superior
AAA
Secure / Highest
Aaa
Exceptional
AAA
Extremely Strong
A+
Excellent
2 A+
Secure / Superior
AA+
Secure / Very High
Aa1, Aa2, Aa3
Excellent
AA+
Very Strong
A
Excellent
3 A
Secure / Excellent
AA
Secure / Very High
A1, A2, A3
Good
AA
Very Strong
A-
Excellent
4 A-
Secure / Excellent
AA-
Secure / Very High
Baa1, Baa2, Baa3
Adequate
AA-
Very Strong
B+
Good
5 B++
Secure / Very Good
A+
Secure / High
Ba1, Ba2, Ba3
Questionable
A+
Strong
B
Good
6 B+
Secure / Good
A
Secure / High
B1, B2, B3
Poor
A
Strong
B-
Good
7 B
Vulnerable / Fair
A-
Secure / High
Caa
Very Poor
A-
Strong
C+
Fair
8 B-
Vulnerable / Fair
BBB+
Secure / Adequate
Ca
Extremely Poor
BBB+
Good  
C
Fair
9 C++
Vulnerable / Marginal
BBB
Secure / Adequate
C
Lowest
BBB
Good  
C-
Fair
10 C+
Vulnerable / Marginal
BBB-
Secure / Adequate
  BBB-
Good  
D+
Weak
11 C
Vulnerable / Weak
BB+
Uncertain
  BB+
Marginal
D
Weak
12 C-
Vulnerable / Weak
BB
Uncertain
  BB
Marginal
D-
Weak
13 D
Vulnerable / Poor
BB-
Uncertain
  BB-
Marginal
E+
Very Weak
14 E
Vulnerable / Under State Supervision
B+
Possessing Risk
  B+
Weak
E
Very Weak
15 F
Vulnerable / In Liquidation
B
Possessing Risk
  B
Weak
E-
Very Weak
16 S
Rating Suspended
B-
Possessing Risk
  B-
Weak
F
Failed
17   CCC
Substantial
Risk
  CCC+
Very Weak
 
18   DD
Liquidating
  CCC
Very Weak
 
19 SR
Suspended Rating
CCC-
Very Weak
20 CC
Extremely Weak
21 R
Regulatory Action
22 pi
Based on public information only