Tenant Financials and Credit Ratings
Standard & Poors provide Credit Ratings for most large tenants. You can search for current S&P rating information using an entity name, a standard identifier such as CUSIP, CINS or ISINS number, or a Fund name.
Moodys also provide a similar parallel credit rating service, but while their ratings use similar symbols there are significant differences. The table below compares the various symbols.
| Standard & Poors |
Moody's |
Interpretation |
AAA
|
Aaa
|
Extremely strong capacity to meet financial commitments.
|
AA
|
Aa2
|
Very strong capacity to meet financial commitments.
|
A
|
A2
|
Strong capacity to meet financial commitments, but susceptible to adverse conditions
|
BBB
|
Baa2
|
Adequate capacity to meet financial commitments, but more subject to adverse economic conditions.
|
BB
|
Ba2
|
Less vulnerable in the near-term but faces major ongoing uncertainties in the event of adverse business, financial and economic conditions.
|
B
|
B2
|
More vulnerable to adverse business, financial and economic conditions but currently has the capacity to meet financial commitments.
|
CCC
|
Caa2
|
Currently vulnerable and dependent on favorable business, financial and economic conditions to meet financial commitments.
|
CC
|
|
Currently highly vulnerable.
|
C-
|
|
A bankruptcy petition has been filed or similar action taken but payments or financial commitments are continued.
|
D-
|
|
Payment default on financial commitments.
|
Hoovers also provide information which may be useful to the user
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