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Credit Ratings

• S&P Credit Ratings
  Investment grade: AAA, AA+, AA, AA-, A+, A, A-, BBB+, BBB, BBB-
  Speculative grade: BB+, BB, BB-, B+, B, B-, CCC+, CCC, CCC-, CC, D
• Fundamentals of Financial Management
  Web site corresponding with the major topic headings in Fundamentals of Financial Management.
• Moody's Credit Ratings
  Investment grade: Aaa, Aa1, Aa2, Aa3, A1, A2, A3, Baa1, Baa2, Baa3
  Speculative grade: Ba1, Ba2, Ba3, B1, B2, B3, Caa1, Caa2, Caa3, Ca, C