S&P and Fitch use a comparable rating system for the quality of short-term bonds.
Format:
(1) categories: A, B, and C for S&P vs F, B and C for Fitch
(2) classes for A and F are 1+, 1, 2 and 3
Investment grade: A (S&P) or F (Fitch)
Non-investment grade (high-yield, junk): B or C
|
Rating
|
S & P
|
Fitch
|
|
prime/high grade
|
A-1+
|
F1+
|
|
medium grade
|
A-1, A-2, A-3
|
F1, F2, F3
|
|
speculative
|
B
|
B
|
|
substantial risk
|
C
|
C
|
