Credit Rating

Rating Agency 2021 2020 2019 2018 2017 2016 2015
Moody's Baa2
(Negative)
Baa2
(Negative)
Baa2
(Negative)
Baa2
(Stable)
Baa3
(Positive)
Ba1
(Positive)
Ba1
(Stable)
S&P BBB-
(Positive)
BBB-
(Positive)
BBB-
(Stable)
BBB-
(Positive)
BBB-
(Stable)
BB+
(Stable)
BB+
(Positive)
MOODY'S S&P Definition
Aaa AAA Maximum Safety
Aa1, Aa2, Aa3 AA+, AA, AA- Good
Baa1, Baa2, Baa3 BBB+, BBB, BBB- Adequate
Ba1, Ba2, Ba3 BB+, BB, BB- Questionable
B1, B2, B3 B+, B, B- Poor
Less than Caa1 Less than CCC+ Very poor