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Bond Analysis Ratings Pie Chart Agency Rating Scale

Contents

Introduction

Fitch Ratings

Moody's Investor Service Ratings

Standard & Poor's Global Ratings

 

Introduction

On the pie chart for the Bond Analysis report, Tamarac Reporting uses the following conversion mappings.

Fitch Ratings

Rating Service Rating Tamarac Reporting Rating
Fitch A A
Fitch AA AA
Fitch AAA AAA
Fitch AAMinus AA
Fitch AAPlus AA
Fitch AMinus A
Fitch APlus A
Fitch B B
Fitch BB BB
Fitch BBB BBB
Fitch BBBMinus BBB
Fitch BBBPlus BBB
Fitch BBMinus BB
Fitch BBPlus BB
Fitch BMinus B
Fitch BPlus B
Fitch Bshort B
Fitch C Less than B
Fitch CC Less than B
Fitch CCC Less than B
Fitch CCCMinus Less than B
Rating Service Rating Tamarac Reporting Rating
Fitch CCCPlus Less than B
Fitch CCMinus Less than B
Fitch CCPlus Less than B
Fitch CMinus Less than B
Fitch CPlus Less than B
Fitch CShort Less than B
Fitch D Less than B
Fitch DD Less than B
Fitch DDD Less than B
Fitch DShort Less than B
Fitch F1 NR
Fitch F1Plus NR
Fitch F2 NR
Fitch F3 NR
Fitch FDashS NR
Fitch Insured NR
Fitch NR NR

Moody's Investor Service Ratings

Rating Service Rating Tamarac Reporting Rating
Moody A1 A
Moody A2 A
Moody A3 A
Moody Aa1 AA
Moody Aa2 AA
Moody Aa3 AA
Moody Aaa AAA
Moody B1 B
Moody B2 B
Moody B3 B
Moody Ba1 BB
Moody Ba2 BB
Moody Ba3 BB
Moody Baa1 BBB
Moody Baa2 BBB
Moody Baa3 BBB
Moody C Less than B
Moody Ca Less than B
Moody Caa1 Less than B
Moody Caa2 Less than B
Rating Service Rating Tamarac Reporting Rating
Moody Caa3 Less than B
Moody Insured NR
Moody MIG1 NR
Moody MIG2 NR
Moody MIG3 NR
Moody MIG4 NR
Moody NPRIM NR
Moody NR NR
Moody P1 NR
Moody P2 NR
Moody P3 NR
Moody PRIM1 NR
Moody PRIM2 NR
Moody PRIM3 NR
Moody SG NR
Moody VMIG1 NR
Moody VMIG2 NR
Moody VMIG3 NR
Moody VMIG4 NR

Standard & Poor's Global Ratings

Rating Service Rating Tamarac Reporting Rating
S&P A A
S&P AA AA
S&P AAA AAA
S&P AAMinus AA
S&P AAPlus AA
S&P ADash1 A
S&P ADash2 A
S&P ADash3 A
S&P AMinus A
S&P APlus A
S&P B B
S&P BB BB
S&P BBB BBB
S&P BBBMinus BBB
S&P BBBPlus BBB
S&P BBMinus BB
S&P BBPlus BB
Rating Service Rating Tamarac Reporting Rating
S&P BMinus B
S&P BPlus B
S&P BShort B
S&P C Less than B
S&P CC Less than B
S&P CCC Less than B
S&P CCCMinus Less than B
S&P CCCPlus Less than B
S&P CShort Less than B
S&P D Less than B
S&P DShort Less than B
S&P Insured NR
S&P NR NR
S&P SPDash1 NR
S&P SPDash2 NR
S&P SPDash3 NR