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Investment Rating at Issue Classification

Mixed rating portfolio

Prime (Aaa/AAA)

High grade  (Aa1 till Aa3/AA+ till AA-)

Upper medium grade (A1 till A3/A+ till A-)

Lower medium grade (Baa1 till Baa3/BBB+ till BBB-)

Non-investment grade speculative (Ba1 till Ba3/BB+ till BB-)

Highly speculative (B1 till B3/B+ till B-)

Close to/in default (C and lower)

Not rated/indicated

 

Prime (Aaa/AAA)

High grade  (Aa1 till Aa3/AA+ till AA-)

Upper medium grade (A1 till A3/A+ till A-)

Lower medium grade (Baa1 till Baa3/BBB+ till BBB-)

Non-investment grade speculative (Ba1 till Ba3/BB+ till BB-)

Highly speculative (B1 till B3/B+ till B-)

Close to/in default (C and lower)

Not rated/indicated