What ratings are used for bond products and what do they mean?
Please note a “high” or “low” indicator describes the product’s relative strength within its category (under DBRS), as would a “+” or “-” (under S&P), as would a “1”, “2” or “3” (using the Moody’s scale). The scale continues from CCC to D-rated bonds with decreasing quality as you move down the scale.
