Financial Information
| Date | Agency | Classification | Rating |
|---|
Straight Bond(Issuer Credit Rating)
| Classification | Rating | Definition | |
|---|---|---|---|
| Investment Grade | AAA | AAA | Principle amount payment ability is the best |
| AA | AA+ AA AA- |
Principle amount payment ability is very outstanding but inferior to AAA to some extent | |
| A | A+ A A- |
Principle amount payment ability is outstanding but somewhat more susceptible to external changes than in superior grades | |
| BBB | BBB+ BBB BBB- |
Principle amount payment ability is satisfactory but a potential drop of efficiency exists in future principle amount payment ability depending on economic circumstances and aggravation of surrounding situations | |
| Speculative Grade | BB | BB+ BB BB- |
No current problem exists regarding principle amount payment, but potential speculative factors exist regarding future stability of repayment ability |
| B | B+ B B- |
Speculative outlook due to lack of principle amount payment ability and interest payment is uncertain in case of economic slump | |
| CCC | CCC | Insecure state regarding principle amount payment and very speculative outlook due to possibility of unfulfillment of obligatory debt | |
| CC | CC | More insecure compared to superior grades | |
| C | C | High possibility of unfulfillment of obligatory debt repayment and no ability of principle amount payment | |
| D | D | Under situation of unfulfillment of obligatory debt repayment | |
Commercial Paper
| Classification | Rating | Definition | |
|---|---|---|---|
| Investment Grade | A1 | A1 | The ability of repayment on proper time is the best and stability of repayment ability is the best |
| A2 | A2+ A2 A2- |
The ability of repayment on proper time is outstanding, but stability is inferior to A1 to some extent | |
| A3 | A3+ A3 A3- |
The ability of repayment on proper time is satisfactory, but stability is inferior to A2 to some extent | |
| Speculative Grade | B | B+ B B- |
The ability of repayment on proper time is proper, but potential speculative factors exist in the stability depending on short-term changes in circumstances |
| C | C | Various speculative factors exist in the ability of repayment on proper time and stability of repayment ability | |
| D | D | Under situation of unfulfillment of obligatory debt repayment | |
