What is a Fitch credit rating?

Fitch ratings is a credit rating agency that rates the viability of investments relative to the likelihood of default. Fitch uses a letter system; for example, a company rated AAA is very high quality with reliable cash flows, while a company rated D has already defaulted.

What does Fitch A+ rating mean?

A+ A. A- Expectations of low default risk. The capacity for payment of financial commitments is considered strong.

What does credit rating indicate?

A credit rating is an opinion of a particular credit agency regarding the ability and willingness an entity (government, business, or individual) to fulfill its financial obligations in completeness and within the established due dates. A credit rating also signifies the likelihood a debtor will default.

What is Fitch default rating?

Default. ‘D’ ratings indicate an issuer that in Fitch Ratings’ opinion has entered into bankruptcy filings, administration, receivership, liquidation or other formal winding-up procedure, or which has otherwise ceased business.

What is the lowest Fitch rating?

Fitch’s credit rating scale for issuers and issues is expressed using the categories ‘AAA’ to ‘BBB’ (investment grade) and ‘BB’ to ‘D’ (speculative grade) with an additional +/- for AA through CCC levels indicating relative differences of probability of default or recovery for issues.

Is an A+ credit rating good?

A+/A1 are credit ratings produced by ratings agencies S&P and Moody’s. Both A+ and A1 fall in the middle of the investment-grade category, indicating some but low credit risk. Credit ratings are used by investors to gauge the creditworthiness of issuers, with better credit ratings corresponding to lower interest rates.

What does a-1 rating mean?

Standard & Poor’s uses the term A-1 when rating an insurer’s ability to meet debt obligations in the short term. A-1 indicates that the insurer has a strong ability to meet its debt obligations. A-1 is the highest rating that Standard & Poor’s issues for short-term debt.

What is the average credit rating?

The average credit score in the United States is 698, based on VantageScore® data from February 2021. It’s a myth that you only have one credit score. In fact, you have many credit scores. It’s a good idea to check your credit scores regularly.

What does WD mean in Fitch rating?

WD. Rating withdrawn for reasons including: debt maturity, calls, puts, conversions, etc., or business reasons (e.g. change in the size of a debt issue), or the issuer defaults. Unsolicited. Unsolicited. This rating was initiated by the ratings agency and not requested by the issuer.