QuadCapital Advisors, LLC ♦ 402 Gammon Place, Suite 350 ♦ Madison, WI 53719 (608) 821-1200 ♦ FAX (608) 821-1219 ♦ email:
[email protected]
Rating Agency Credit Scale Moody's
S&P
Fitch
NAIC*
Aaa Aa1 Aa2 Aa3 A1 A2 A3 Baa1 Baa2 Baa3
AAA AA+ AA AAA+ A ABBB+ BBB BBB-
AAA AA+ AA AAA+ A ABBB+ BBB BBB-
1 1 1 1 1 1 1 2 2 2
Ba1 Ba2 Ba3 B1 B2 B3
BB+ BB BBB+ B B-
BB+ BB BBB+ B B-
3 3 3 3 3 3
Investment Grade
Non-Investment Grade
* National Association of Insurance Commissioners
Charlie Knudsen 608-821-1201
[email protected]
Lois O'Rourke 608- 821-1204
[email protected]
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