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Connie Wong (Standard & Poor's) - Singapore College of Insurance

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<strong>Standard</strong> & Poor’s Rating Scale<br />

AAA ‘Exceptionally Strong’<br />

AA ‘Very Strong’<br />

A ‘Strong’<br />

BBB ‘Good’<br />

• ----------------------- Investment grade cut-<strong>of</strong>f<br />

between BBB-Minus and BB- Plus<br />

BB ‘Marginal’<br />

B ‘Weak’<br />

CCC ‘Very Weak’<br />

CC ‘Extremely Weak’<br />

R formally ‘Under Regulatory Supervision’<br />

D ‘In default’<br />

NOTE: Interactive ratings can be further qualified through use <strong>of</strong> ‘+’ and ‘-’ suffixes<br />

There is also a short-term scale: ‘A-1+; ‘A-1’; ‘’A-2’, ‘A-3’, etc.<br />

5.<br />

CONFIDENTIAL AND PROPRIETARY.<br />

August Permission 2005 to reprint or distribute any content from this presentation requires the written approval <strong>of</strong> <strong>Standard</strong> & Poor’s.

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