| Moody’s Municipal Bond Ratings |
Moody’s Corporate Bond Ratings |
Aaa
Aa1
Aa
Aa2
Aa3 |
Aaa
Aa1
Aa
Aa2
Aa3 |
A1
A
A2
A3 |
A1
A
A2
A3 |
Baa1
Baa
Baa2
Baa3
Ba1
Ba
Ba2
Ba3
B1
B
B2
B3 |
Baa1
Baa
Baa2
Baa3
Ba1
Ba
Ba2
Ba3
B1
B
B2
B3 |
Caa1
Caa
Caa2
Caa3
Ca
C |
Caa1
Caa
Caa2
Caa3
Ca
C |
P-1
P-2
P-3
(Commercial paper ratings) |
N/R (Not rated)
U/R (Under review) |
MIG-1
MIG-2
MIG-3
MIG-4
(Note ratings) |
|
VMIG-1
VMIG-2
VMIG-3
VMIG-4
(Short-term ratings) |
|
N/R (Not rated)
U/R (Under review |
|