Credit Ratings

Credit Ratings Standard & Poor's

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All banks with a BBB- or Higher Long Term Credit Rating are classified as "investment Grade" By Standard & Poor's Rating Agency

Short Term

<12 Months

A1+/A1

For short-term assets, the issuer's capacity to meet its financial commitment on the obligation is strong.

A2

For short-term assets, the issuer is more susceptible to the adverse effects of changes in circumstances and economic conditions than obligations in higher rating categories. However, the obligor's capacity to meet its financial commitment on the obligation is satisfactory.

A3

A short-term obligation exhibits adequate protection parameters. However adverse economic conditions or changing circumstances are more likely to lead to a weakened capacity of the obligor to meet its financial commitment on the obligation.

Long Term

>12 months

AAA

The obligations/obligator's capacity to meet its financial commitment on the obligation is extremely strong.

AA

The obligations/obligator's capacity to meet its financial commitment on the obligation is very strong.

A

The obligation/obligator is somewhat more susceptible to the adverse effects of changes in circumstances and economic conditions than obligations in higher rating categories.
The obligator's capacity to meet its financial commitment on the obligation is strong.

BBB

An obligation/obligor exhibits adequate protection parameters. However, adverse economic conditions or changing circumstances are more likely to lead to a weakened capacity to the obligor to meet its financial commitment on the obligation.

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