Credit Rating Info
By: Tim McPartland,
Below are the definitions for the credit ratings used for Preferred Stocks and Exchange Traded Debt Issues
S&P Investment Grade AAA, AA, A, BBB, BBB-
Speculative Grade BB+, BB, B, CCC, CC, C, D>
Moodys Investment Grade Aaa, Aa, A, Baa
Speculative Grade Ba, B, Caa, Ca, C
Moodys may add 1, 2 or 3 to the end of the letter grade to further refine the rating. A 1 would indicate the upper end of the rating, while a 3 would indicate the lower end.