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Header0 | Header1 | Header2 | Header3 | |||
---|---|---|---|---|---|---|
Type | Date of assessment | Rating | Outlook | |||
Fitch Ratings | 19/01/2022 | BBB- | Stable | |||
Standard & Poor’s | 25/03/2022 | BB+ | Stable | |||
Both agencies add a sign (+) or (-) to each generic rating category to indicate a relative position within each category. The long-term debt credit rating scale used by said agencies are as follows: | ||||||
Separator | ||||||
Fitch Ratings | Meaning | |||||
Investment grade | ||||||
AAA | Highest credit quality | |||||
AA | Very high credit quality | |||||
A | High credit quality | |||||
BBB | Good credit quality | |||||
Speculative grade | ||||||
BB | Speculative | |||||
B | Highly speculative | |||||
CCC | Substantial credit risk | |||||
CC | Very high levels of credit risk | |||||
C | Near default | |||||
RD | Restricted default | |||||
D | Default | |||||
Separator | ||||||
Standard & Poor’s | Meaning | |||||
Investment grade | ||||||
AAA | Extremely strong capacity to meet financial commitments | |||||
AA | Very strong capacity to meet financial commitments | |||||
A | Strong capacity to meet financial commitments, but somewhat susceptible to economic conditions and changes in circumstances | |||||
BBB | Adequate capacity to meet financial commitments, but more subject to adverse economic conditions | |||||
Speculative grade | ||||||
BB | Less vulnerable in the near-term but faces major ongoing uncertainties to adverse business, financial and economic conditions | |||||
B | More vulnerable to adverse business, financial and economic conditions but currently has the capacity to meet financial commitments | |||||
CCC | Currently vulnerable and dependent on favorable business, financial and economic conditions to meet financial commitments | |||||
CC | Highly vulnerable; default has not yet occurred, but is expected to be a virtual certainty | |||||
C | Currently highly vulnerable to non-payment, and ultimate recovery is expected to be lower than that of higher rated obligations | |||||
D | Payment default on a financial commitment or breach of an imputed promise; also used when a bankruptcy petition has been filed |
These ratings may be revised, suspended or withdrawn by the rating agency at any time.
Header0 | Header1 | Header2 | Header3 | |||
---|---|---|---|---|---|---|
Date of assessment | Rating | Outlook | ||||
Fitch Ratings | 04/03/2021 | BBB- | Stable | |||
Fitch Ratings | 15/04/2020 | BBB- | Stable | |||
Fitch Ratings | 12/11/2019 | BBB- | Stable | |||
Fitch Ratings | 09/05/2019 | BBB- | Negative | |||
Fitch Ratings | 05/10/2018 | BBB- | Negative | |||
Fitch Ratings | 13/10/2017 | BBB- | Negative | |||
Fitch Ratings | 26/05/2017 | BBB- | Negative | |||
Fitch Ratings | 03/02/2017 | BBB- | Stable | |||
Fitch Ratings | 02/11/2016 | BBB- | Stable | |||
Fitch Ratings | 20/05/2016 | BBB- | Stable | |||
Fitch Ratings | 20/07/2015 | BBB- | Stable | |||
Standard & Poor’s | 17/11/2020 | BB+ | Stable | |||
Standard & Poor’s | 15/09/2020 | BB+ | Stable | |||
Standard & Poor’s | 13/01/2020 | BB+ | Stable | |||
Standard & Poor’s | 11/10/2019 | BB+ | Stable | |||
Standard & Poor’s | 12/07/2019 | BB+ | Stable | |||
Standard & Poor’s | 25/06/2018 | BB+ | Stable | |||
Standard & Poor’s | 31/05/2017 | BB+ | Stable | |||
Standard & Poor’s | 02/11/2016 | BB+ | Stable | |||
Standard & Poor’s | 29/06/2016 | BB+ | Stable | |||
Standard & Poor’s | 27/07/2015 | BB+ | Positive | |||
Separation | ||||||
Fitch Ratings | Meaning | |||||
Investment grade | ||||||
AAA | Highest credit quality | |||||
AA | Very high credit quality | |||||
A | High credit quality | |||||
BBB | Good credit quality | |||||
Speculative grade | ||||||
BB | Speculative | |||||
B | Highly speculative | |||||
CCC | Substantial credit risk | |||||
CC | Very high levels of credit risk | |||||
C | Near default | |||||
RD | Restricted default | |||||
D | Default | |||||
Separation | ||||||
Standard & Poor’s | Meaning | |||||
Investment grade | ||||||
AAA | Extremely strong capacity to meet financial commitments | |||||
AA | Very strong capacity to meet financial commitments | |||||
A | Strong capacity to meet financial commitments, but somewhat susceptible to economic conditions and changes in circumstances | |||||
BBB | Adequate capacity to meet financial commitments, but more subject to adverse economic conditions | |||||
Speculative grade | ||||||
BB | Less vulnerable in the near-term but faces major ongoing uncertainties to adverse business, financial and economic conditions | |||||
B | More vulnerable to adverse business, financial and economic conditions but currently has the capacity to meet financial commitments | |||||
CCC | Currently vulnerable and dependent on favorable business, financial and economic conditions to meet financial commitments | |||||
CC | Highly vulnerable; default has not yet occurred, but is expected to be a virtual certainty | |||||
C | Currently highly vulnerable to non-payment, and ultimate recovery is expected to be lower than that of higher rated obligations | |||||
D | Payment default on a financial commitment or breach of an imputed promise; also used when a bankruptcy petition has been filed |
These ratings may be revised, suspended or withdrawn by the rating agency at any time.
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