snp_st

The snp_st represents S&P’s short term credit ratings.

a1

obligor’s capacity to meet its financial commitment on the obligation is strong

a2

is susceptible to adverse economic conditions however the obligor’s capacity to meet its financial commitment on the obligation is satisfactory

a3

adverse economic conditions are likely to weaken the obligor’s capacity to meet its financial commitment on the obligation

b

has significant speculative characteristics. The obligor currently has the capacity to meet its financial obligation but faces major ongoing uncertainties that could impact its financial commitment on the obligation

c

currently vulnerable to nonpayment and is dependent upon favorable business, financial and economic conditions for the obligor to meet its financial commitment on the obligation

d

is in payment default. Obligation not made on due date and grace period may not have expired. The rating is also used upon the filing of a bankruptcy petition.