AI responses may include mistakes. For financial advice, consult a professional. Learn more Understanding Credit Ratings

: A "Positive," "Stable," or "Negative" outlook indicates the potential direction of a rating over the next 1–2 years.

: The entity is currently in default on its financial commitments. The Rating & Review Process

Often called "junk bonds," signaling higher default risk or actual default.

: Good credit quality but more vulnerable to adverse economic conditions. Speculative Grade (BB+ to D) :