Fitch Rating

A designation given by Fitch to indicate the relative credit quality, or the strength of the ability to pay a bond's obligation.

Fitch's ratings range from AAA, AA, A, and so on down to C, its lowest.

• AAA:  Highest Rating

• AA:     Very Strong

• A:        Strong

• BBB:  Adequate

• BB:     Uncertain

• B:        Vulnerable

• CCC:  High risk

• CC:    High Risk

• C:       High Risk

• DDD: Default or liquidation

• DD:    Default or liquidation

• D:       Default or liquidation