605-B Park Grove
Standard & Poor’s
Highest quality, very little risk.
Very high quality. The ratings in this category include: (Moody Aa1, Aa2, Aa3) (S&P AA+, AA, AA-)
Good quality with a strong capacity to meet debt service requirements. The ratings in this category include: (Moody’s A1, A2, A3) (S&P A+, A, A-)
Adequate quality, needs to be monitored, lowest investment grade ratings, may not be appropriate for many portfolios. (Moody’s Baa1, Baa2, Baa3) (S&P BBB+, BBB, BBB-)
Judged to have speculative elements. The protection of interest and principal payments may be very moderate.
Speculative; currently have the capacity to meet debt service payments but lack characteristics of a quality investment.
Very speculative; vulnerable to default “Buyer Beware.” Any adverse business, financial, or economic condition could
result in a default.
Junk rating; widely speculative, may be headed for default.
Default, bankruptcy, or reorganization seems inevitable.
Bonds in default; interest or principal payments have not been made on the date due.
*As per Moody’s, default rate based on the following four-year period after the Moody’s rating was assigned.** Bonds rated as non-investment grade are not suitable for all investors. Careful consideration should be given to individual investment objectives prior to any transaction in non-investment grade securities.