| Credit quality step | 0 | 1 | 2 | 3 | 4 | 5 | 6 |
|---|
| A.M. Best (EU) Rating Services B.V. | | | | | | | |
| Long-term issuer credit ratings scale | aaa | aa, aa- | a+, a, a- | bbb+, bbb, bbb- | bb+, bb, bb- | b+, b, b- | ccc+, ccc, ccc-, cc, c, d, e, f, s |
| Long-term issue ratings scale | aaa | aa, aa- | a+, a, a- | bbb+, bbb, bbb- | bb+, bb, bb- | b+, b, b- | ccc+, ccc, ccc-, cc, c, d, s |
| Financial strength ratings scale | A++ | A+ | A, A- | B++, B+ | B, B- | C++, C+ | C, C-, D, E, F, S |
| Short-term issuer ratings scale | | AMB-1+ | AMB-1- | AMB-2,AMB-3 | AMB- 4, d, e, f, s | | |
| Short-term issue ratings scale | | AMB-1+ | AMB-1- | AMB-2,AMB-3 | AMB- 4, d, s | | |
| ARC Ratings S.A. | | | | | | | |
| Medium and long-term issuers rating scale | AAA | AA | A | BBB | BB | B | CCC, CC, C, D |
| Medium and long-term issue rating scale | AAA | AA | A | BBB | BB | B | CCC, CC, C, D |
| Insurance Financial Strength Rating Criteria scale | AAA | AA | A | BBB | BB | B | CCC, CC, C, D |
| Short-term issuers rating scale | | A-1+ | A-1 | A-2, A-3 | B, C, D | | |
| Short-term issue rating scale | | A-1+ | A-1 | A-2, A-3 | B, C, D | | |
| ASSEKURATA Assekuranz Rating-Agentur GmbH | | | | | | | |
| Long-term credit rating scale | AAA | AA | A | BBB | BB | B | CCC, CC/C, D |
| Short-term corporate rating scale | | A++ | A | | B, C, D | | |
| Banque de France | | | | | | | |
| Global ANACOT long-term issuer credit rating scale | | 1+ | 1, 1- | 2+, 2, 2- | 3+, 3, 3-, 4+, 4, 4-, 5+ | 5, 5-, 6+, 6, 6- | 7, 8, P |
| BCRA – Credit Rating Agency AD | | | | | | | |
| Global long-term rating scale | AAA | AA | A | BBB | BB | B | CCC, CC, C, D |
| Global short-term rating scale | | A-1+ | A-1 | A-2, A-3 | B, C, D | | |
| Pension-insurance company long-term scale | AAA | AA | A | BBB | BB | B | CCC, CC, C, D |
| Pension-insurance company short-term scale | | A-1+ | A-1 | A-2, A-3 | B, C, D | | |
| Pension fund long-term scale | AAA pf | AA pf | A pf | BBB pf | BB pf | B pf | C pf |
| Capital Intelligence Ratings Ltd | | | | | | | |
| International long-term issuer rating scale | AAA | AA | A | BBB | BB | B | C, RS, SD, D |
| International long-term issue rating scale | AAA | AA | A | BBB | BB | B | CCC, CC, C, D |
| International long-term insurer financial strength rating scale | AAA | AA | A | BBB | BB | B | C, RS, SD, D |
| International short-term issuer rating scale | | A1+ | A1 | A2, A3 | B, C, RS, SD, D | | |
| International short-term issue rating scale | | A1+ | A1 | A2, A3 | B, C, D | | |
| International short-term insurer financial strength rating scale | | A1+ | A1 | A2, A3 | B, C, RS, SD, D | | |
| Cerved Rating Agency S.p.A. | | | | | | | |
| Corporate long-term rating scale | A1.1 | A1.2, A1.3 | A2.1, A2.2, A3.1 | B1.1, B1.2 | B2.1, B2.2 | C1.1 | C1.2, C2.1 |
| Corporate short-term rating scale | | S-1 | S-2 | S-3 | V-1, R-1 | | |
| Creditreform Rating AG | | | | | | | |
| Long-term rating scale | AAA | AA | A | BBB | BB | B | C, SD, D |
| Long-term issue rating scale | AAA | AA | A | BBB | BB | B | C, D |
| Short-term rating scale | | L1 | L2 | L3 | NEL, D | | |
| CRIF Ratings S.r.l. | | | | | | | |
| Long-term issuer rating scale | AAA | AA | A | BBB | BB | B | CCC, CC, C, D1S, D |
| Long-term issue rating scale | AAA | AA | A | BBB | BB | B | CCC, CC, C, DS |
| SME rating scale | SME1 | SME2 | | SME3 | SME4 | SME5, SME6 | SME7, SME8 |
| Short-term issuer rating scale | | IG-1 | | IG-2 | SIG-1, SIG-2, SIG-3, SIG-4 | | |
| Short-term issue rating scale | | IG-1 | | IG-2 | SIG-1, SIG-2, SIG-3, SIG-4 | | |
| DBRS Ratings GmbH | | | | | | | |
| Long-term obligations rating scale | AAA | AA | A | BBB | BB | B | CCC, CC, C, D |
| Commercial paper and short-term debt rating scale | | R-1 H, R-1 M | R-1 L | R-2, R-3 | R-4, R-5, D | | |
| Financial Strength rating scale | AAA | AA | A | BBB | BB | B | CCC, CC, C, R |
| Expected loss rating scale | AAA(el) | AA(el) | A(el) | BBB(el) | BB(el) | B(el) | CCC(el), CC(el), C(el) |
| Egan-Jones Ratings Co. | | | | | | | |
| Long-term credit rating scale | AAA | AA | A | BBB | BB | B | CCC, CC, C, D |
| Short-term credit rating scale | | A-1+ | A-1 | A-2 | A-3, B, C, D | | |
| EthiFinance S.L. (formerly Axesor Risk Management S.L.) | | | | | | | |
| Global long-term rating scale | AAA | AA | A | BBB | BB | B | CCC, CC, C, D |
| Global short-term rating scale | | EF1+ | | EF1, EF2 | EF3, EF4, EF5 | | |
| EuroRating Sp. z o.o. | | | | | | | |
| Global long-term rating scale | AAA | AA | A | BBB | BB | B | CCC, CC, C, D |
| Fitch Ratings Ireland Limited | | | | | | | |
| Long-term issuer default ratings scale | AAA | AA | A | BBB | BB | B | CCC, CC, C, RD, D |
| Corporate finance obligations – Long-term ratings scale | AAA | AA | A | BBB | BB | B | CCC, CC, C |
| Long-term international Insurer Financial Strength rating scale | AAA | AA | A | BBB | BB | B | CCC, CC, C |
| Derivative counterparty ratings scale | AAA dcr | AA dcr | A dcr | BBB dcr | BB dcr | B dcr | CCC dcr, CC dcr, C dcr, RD dcr, R dcr |
| Short-term rating scale | | F1+ | F1 | F2, F3 | B, C, RD, D | | |
| Short-term IFS rating scale | | F1+ | F1 | F2, F3 | B, C | | |
| GBB-Rating Gesellschaft für Bonitätsbeurteilung GmbH | | | | | | | |
| Global long-term rating scale | AAA | AA | A | BBB | BB | B | CCC, CC, C, D |
| HR Ratings de México, S.A. de C.V. | | | | | | | |
| Global long-term rating scale | HR AAA(G) | HR AA(G) | HR A(G) | HR BBB(G) | HR BB(G) | HR B(G) | HR C(G)/HR D(G) |
| Global short-term rating scale | HR+1(G) | HR1(G) | HR2(G) | HR3(G) | HR4(G), HR5(G), HR D(G) | | |
| ICAP CRIF S.A. (previously ICAP S.A.) | | | | | | | |
| Global long-term issuer rating scale | AAA | AA | A | BBB | BB | B, CCC | CC, C, D |
| Global long-term issue rating scale | AAA | AA | A | BBB | BB | B, CCC | CC, C, D |
| INBONIS SA | | | | | | | |
| Long-term rating scale | AAA | AA | A | BBB | BB | B | CCC, CC, C, D |
| Japan Credit Rating Agency Ltd | | | | | | | |
| Long-term issuer rating scale | AAA | AA | A | BBB | BB | B | CCC, CC, C, LD, D |
| Long-term issue rating scale | AAA | AA | A | BBB | BB | B | CCC, CC, C, D |
| Short-term issuer rating scale | | J-1+ | J-1 | J-2 | J-3, NJ, LD, D | | |
| Short-term issue credit rating scale | | J-1+ | J-1 | J-2 | J-3, NJ, D | | |
| Kroll Bond Rating Agency Europe | | | | | | | |
| Long-term credit rating scale | AAA | AA | A | BBB | BB | B | CCC, CC, C, D |
| Short-term credit rating scale | | K1+ | K1 | K2, K3 | B, C, D | | |
| Insurance Financial Strength rating scale | AAA | AA | A | BBB | BB | B | CCC, CC, C, D |
| modeFinance S.r.l. | | | | | | | |
| Global long-term rating scale | A1 | A2 | A3 | B1 | B2 | B3 | C1, C2, C3, D |
| Moody’s Investors Service | | | | | | | |
| Global long-term rating scale | Aaa | Aa | A | Baa | Ba | B | Caa, Ca, C |
| Global short-term rating scale | | P-1 | P-2 | P-3 | NP | | |
| Nordic Credit Rating AS | | | | | | | |
| Long-term rating scale | AAA | AA | A | BBB | BB | B | CCC, CC, C, D, SD |
| Short-term rating scale | | N1 | N2 | N3 | N4, N5, N6 | | |
| Scope Ratings GmbH | | | | | | | |
| Long-term rating scale | AAA | AA | A | BBB | BB | B | CCC, CC, C, D/SD |
| Short-term rating scale | | S-1+ | S-1 | S-2 | S-3, S-4, D/SD | | |
| S&P Global Ratings Europe Limited | | | | | | | |
| Long-term issuer credit rating scale | AAA | AA | A | BBB | BB | B | CCC, CC, R, SD/D |
| Long-term issue credit rating scale | AAA | AA | A | BBB | BB | B | CCC, CC, C, D |
| Insurer financial strength rating scale | AAA | AA | A | BBB | BB | B | CCC, CC, SD/D, R |
| Long-term Financial Institution Resolution Counterparty Ratings | AAA | AA | A | BBB | BB | B | CCC, CC, SD, D |
| Mid-Market Evaluation rating scale | | | MM1 | MM2 | MM3, MM4 | MM5, MM6 | MM7, MM8, MMD" |
| Short-term issuer credit rating scale | | A-1+ | A-1 | A-2, A-3 | B, C, R, SD/D | | |
| Short-term issue credit rating scale | | A-1+ | A-1 | A-2, A-3 | B, C, D | | |
| Short-term Financial Institution Resolution Counterparty Ratings | | A-1+ | A-1 | A-2, A-3 | B, C, SD/D | | |