What do the various bond ratings mean?
A. The table below provides a summary of the ratings: Moody s Rating: Indicates: Standard & Poor s Rating: Aaa Highest Quality AAA Aa High Quality AA A Good Quality A Baa Medium Quality BBB Ba Speculative Elements BB B Speculative B Caa More Speculative CCC Ca Highly Speculative CC In Default D N Not Rated N For more detailed definitions of each rating, consult the publications of the rating services.