Municipal Bond
Ratings
| Credit Risk | MOODY'S
| STANDARD & POOR'S
| FITCH |
|---|
| Prime | Aaa
| AAA | AAA
|
| Excellent | Aa
| AA | AA
|
| Upper Medium | A
| A | A
|
| Lower Medium | Baa
| BBB | BBB
|
| Speculative | Ba
| BB | BB
|
| Very Speculative | B, Caa
| B, CCC, CC
| B, CCC, CC, C
|
| Default | Ca
| D | DDD,DD,D
|
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