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The credit rating is a financial indicator to potential investors of debt securities such as bonds.These are assigned by credit rating agencies such as Moody's, Standard & Poor's, and Fitch, which publish code designations (such as AAA, B, CC) to express their assessment of the risk quality of a bond.
In August 2011, S&P downgraded the long-held triple-A rating of US securities. [1] On August 1, 2023, Fitch downgraded its credit-rating of United States Treasuries from AAA to AA+, as S&P had twelve years earlier, leaving only Moody's to still assign its highest rating to the country's debt.
Map of Moody's sovereign long-term foreign credit ratings. Legend: Aaa Aa1 Aa2 Aa3 A1 A2 A3 Baa1 Baa2 Baa3 Ba1 Ba2 Ba3 B1 B2 B3 Caa1 Caa2 Caa3 Ca C. For Moody's, a bond is considered investment grade if its credit rating is Baa3 or higher.
Image source: Getty Images. The same can be said for much of corporate America. In 1980, around 60 publicly traded companies possessed the highly coveted AAA credit rating.
Johnson & Johnson is also one of only two publicly traded companies that still possesses the highly coveted AAA credit rating from Standard & Poor's (S&P), a division of S&P Global. This rating ...
Standard & Poor's (S&P), the prominent credit rating company, announced on Thursday that it intends to maintain the United States' AAA credit status. This rating, S&P's highest level, is expected ...
In Moody's Ratings system, securities are assigned a rating from Aaa to C, with Aaa being the highest quality and C the lowest quality. Moody's was founded by John Moody in 1909, to produce manuals of statistics related to stocks and bonds and bond ratings.
Credit rating agencies such as S&P have been cited for contributing to the financial crisis of 2007–08. [20] Credit ratings of AAA (the highest rating available) were given to large portions of even the riskiest pools of loans in the collateralized debt obligation (CDO) market.