|
S&P |
Moody's |
Fitch Ratings |
Long-term Issuer |
BBB- (OS)
5/24/2021 |
-
|
BBB (OS)
5/18/2021 |
|
Subordinated Debt |
BB+
8/16/2016 |
-
|
BBB-
5/6/2020 |
|
Short-term/Commercial Paper |
-
|
-
|
F3
9/3/2020 |
|
Bank Individual |
-
|
-
|
bbb
9/3/2020 |
|
Bank Support |
-
|
-
|
5
9/3/2020 |
|
Senior Unsecured |
BBB-
8/16/2016 |
-
|
BBB
5/6/2020 |
|
Preferred Stock |
BB-
8/16/2016 |
-
|
BB-
5/6/2020 |
|
Ratings Watch Action Legend: (WP) Watch Positive, (WN) Watch Negative, (WU) Watch Uncertain,
(WR) Watch Removed, (OP)
Outlook Positive, (ON) Outlook Negative, (OS) Outlook Stable, (OD) Outlook Developing
Long-term Issuer |
BBB (OS)
5/24/2021 |
Baa3
6/5/2019 |
BBB (ON)
5/18/2021 |
Short-term/Commercial Paper |
-
|
P-2
6/5/2019 |
F3
9/3/2020 |
Certificate of Deposit |
-
|
A3 (OS)
6/5/2019 |
BBB+
5/6/2020 |
Bank Individual |
-
|
-
|
bbb
9/3/2020 |
Bank Support |
-
|
-
|
5
9/3/2020 |
Senior Unsecured |
-
|
-
|
BBB
5/6/2020 |
Ratings Watch Action Legend: (WP) Watch Positive, (WN) Watch
Negative, (WU) Watch
Uncertain, (WR) Watch Removed, (OP) Outlook Positive, (ON) Outlook Negative, (OS) Outlook
Stable, (OD) Outlook
Developing
-
Highest Credit Quality
AAA
AAA(EXP)
AAApre
-
Very High Credit
Quality
AA+
AA+(EXP)
AA
AA(EXP)
AA-
AA-(EXP)
-
High Credit Quality
A+
A+(EXP)
A
A(EXP)
A-
A-(EXP)
-
Good Credit Quality
BBB+
BBB+(EXP)
BBB
BBB(EXP)
BBB-
BBB-(EXP)
-
Speculative
BB+
BB+(EXP)
BB
BB(EXP)
BB-
BB-(EXP)
-
Highly Speculative
B+
B+(EXP)
B
B(EXP)
B-
B-(EXP)
-
High Default Risk
CCC+
CCC+(EXP)
CCC
CCC(EXP)
CCC-
CCC-(EXP)
CC
CC(EXP)
C
-
-
Highest Quality
(P)Aaa
Aaa
-
High Quality
Aa1
(P)Aa1
(P)Aa2
Aa2
Aa3
(P)Aa3
-
Upper-Medium Quality
(P)A1
A1
A2
(P)A2
(P)A3
A3
-
Medium-Grade Quality
Baa1
(P)Baa1
(P)Baa2
Baa2
Baa3
(P)Baa3
-
Substantial Risk
(P)Ba1
Ba1
Ba2
(P)Ba2
(P)Ba3
Ba3
-
High Risk
B1
(P)B1
(P)B2
B2
B3
(P)B3
-
Very High Risk
(P)Caa1
Caa1
Caa2
(P)Caa2
(P)Caa3
Caa3
-
Highly Speculative
(P)Ca
Ca
-
-
Extremely Strong
AAA
AAApi
AAAt
-
Very Strong
AA+
AA+pi
AA+t
AApi
Aat
AA
AA-
AA-pi
AA-t
-
Strong
A+
A+pi
A+t
Api
At
A
A-
A-pi
A-t
-
Adequate
BBB+
BBB+pi
BBB+t
BBB
BBBpi
BBBt
BBB-
BBB-pi
BBB-t
-
Less Vulnerable
BB+
BB+pi
BB+t
BB
BBpi
BBt
BB-
BB-pi
BB-t
-
More Vulnerable
B+
B+pi
B+t
B
Bpi
Bt
B-
B-pi
B-t
-
Currently Vulnerable
CCC+
CCC+pi
CCC+t
CCCpi
CCCt
CCC
CCC-
CCC-pi
CCC-t
-
Highly Vulnerable
CCpi
CCt
CC
C+
C+pi
C+t
C
Cpi
Ct
-
Selective Default
SD
SDpi
SDt
-
Default
D+
D+pi
D+t
Dpi
Dt
D
-
Regulatory Supervision
R
Rpi
Rt
-
Exceptionally High
Quality
F1+
F1+(EXP)
-
-
-
-
-
High Default Risk
C
C(EXP)
-
-
Superior
(P)MIG 1
(P)P-1
(P)VMIG 1
MIG 1
P-1
VMIG 1
-
Strong
VMIG 2
P-2
MIG 2
(P)VMIG 2
(P)P-2
(P)MIG 2
-
Acceptable
(P)MIG 3
(P)P-3
(P)VMIG 3
MIG 3
P-3
VMIG 3
-
-
-
-
-
-
More Vulnerable
B
B-1
B-2
B-3
-
-
-
-
Financial Strength Ratings
-
Exceptionally Strong
AAA
AAAq
-
Very Strong
AA+
AA+q
AAq
AA
AA-
AA-q
-
Strong
A+
A+q
Aq
A
A-
A-q
-
Good
BBB+
BBB+q
BBBq
BBB
BBB-
BBB-q
-
Moderately Weak
BB+
BB+q
BB
BBq
BB-
BB-q
-
-
Very Weak
CCC+
CCC+q
CCCq
CCC
CCC-
CCC-q
CCq
CC
Cq
C
-
Distressed
DDD
DDDq
DDq
DD
Dq
D
-
-
Excellent Security
Aa1
Aa2
Aa3
-
-
Adequate Security
Baa1
Baa2
Baa3
-
Questionable Security
Ba1
Ba2
Ba3
-
-
Very Poor Security
Caa1
Caa2
Caa3
-
Extremely Poor
Security
Ca
C
-
Extremely Strong
AAA
AAApi
-
Very Strong
AA+
AA+pi
AApi
AA
AA-
AA-pi
-
Strong
A+
A+pi
Api
A
A-
A-pi
-
Good
BBB+
BBB+pi
BBBpi
BBB
BBB-
BBB-pi
-
Marginal
BB+
BB+pi
BB
BBpi
BB-
BB-pi
-
Weak
B+
B+pi
B
Bpi
B-
B-pi
-
Very Weak
CCC+
CCC+pi
CCCpi
CCC
CCC-
CCC-pi
-
-
Issuer ratings are S&P/Moody’s/Fitch respectively. A security rating is not a recommendation to
buy, sell or hold securities and should be evaluated independently of any other rating. The rating
is subject to revision or withdrawal at any time by the assigning rating organization.
Copyright© 2020, Fitch Ratings, Inc., Fitch Ratings, Ltd. and its subsidiaries (“Fitch”).
Reproduction of the Fitch credit ratings in any form is prohibited except with the prior written
permission of Fitch. Fitch does not guarantee the accuracy, completeness, timeliness or availability
of any information, including ratings, and is not responsible for any errors or omissions (negligent
or otherwise), regardless of the cause, or for the results obtained from the use of ratings. FITCH
GIVES NO EXPRESS OR IMPLIED WARRANTIES, INCLUDING, BUT NOT LIMITED TO, ANY WARRANTIES OF
MERCHANTABILITY OR FITNESS FOR A PARTICULAR PURPOSE OR USE. Fitch shall not be liable for any
direct, indirect, incidental, exemplary, compensatory, punitive, special or consequential damages,
costs, expenses, legal fees, or losses (including lost income or profits and opportunity costs or
losses caused by negligence) in connection with any use of the Fitch credit ratings. Fitch’s ratings
are statements of opinions and are not statements of fact or recommendations to purchase, hold or
sell securities. Fitch credit ratings do not address the market value of securities or the
suitability of securities for investment purposes, and should not be relied on as investment
advice.