Issue rating
The Issue Default Rating represents an agency’s opinion of the credit risk associated with a specific debt instrument and the issuer’s capacity to meet its financial obligations on that instrument in a timely manner. The rating ranks securities on an ordinal scale according to relative credit risk and does not represent an explicit probability of default.
- Long-term rating applies to debt instruments with an original maturity greater than 12 months;
- Short-term rating applies to debt instruments with an original maturity of up to 12 months;