Ratings: Table of Comparison
This table compares the long term credit ratings of the 4 leading rating agencies:

Moody's S&P Fitch DCR Definitions
Aaa AAA AAA AAA
Prime. Maximum Safety
Aa1 AA+ AA+ AA+
High Grade. High Quality
Aa2 AA AA AA
Aa3 AA- AA- AA-
A1 A+ A+ A+
Upper Medium Grade
A2 A A A
A3 A- A- A-
Baa1 BBB+ BBB+ BBB+
Lower Medium Grade
Baa2 BBB BBB BBB
Baa3 BBB- BBB- BBB-
Ba1 BB+ BB+ BB+
Non Investment Grade
Speculative
Ba2 BB BB BB
Ba3 BB- BB- BB-
B1 B+ B+ B+
Highly Speculative
B2 B B B
B3 B- B- B-
Caa CCC+ CCC CCC
Substantial Risk
In Poor Standing
  CCC    
  CCC-    
Ca      
Extremely Speculative
C      
May be in Default
    DDD  
Default
    DD DD
  D D  
      DP
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