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Moody’s rating scale

Value

Credit rating

21

Aaa

20

Aa1

19

Aa2

18

Aa3

17

A1

16

A2

15

A3

14

Baa1

13

Baa2

12

Baa3

11

Ba1

10

Ba2

9

Ba3

8

B1

7

B2

6

B3

5

Caa1

4

Caa2

3

Caa3

2

Ca

1

C