Rating Agency AK&M

Ratings Scales

Creditworthiness scale
Reliability scale
Quality of service scale
Cross-agency credit rating comparison table

Ratings Scales / Reliability scale

Reliability scale

AK&M Reliability Rating Scale has four rating categories representing different degrees of reliability.

Rating categories

Rating category	Description
A	High reliability
B	Sufficient reliability
C	Low reliability
B	Poor reliability

Each of the rating categories (except for D) has sub-categories (levels) differentiated by modifiers '++', '+', and ''.

Rating level	Rating Description	Risk evaluation
A++	Extremely high reliability	Risk of a delay in meeting obligations is minimal
A+	Very high reliability	Risk of a delay in meeting obligations is insignificant
A	High reliability	Risk of a delay in meeting liabilities is low
B++	Sufficient reliability	Risk of a delay in meeting obligations moderate
B+	Sufficient reliability	Risk of a full or partial default on obligations is low
B	Sufficient reliability	Risk of a full or partial default on obligations is moderate
C++	Low reliability	Risk of a full or partial default on obligations is significant
C+	Low reliability	Risk of a full or partial default on obligations is high
C	Low reliability	Default risk is extremely high
D	Poor reliability

For any of the rating categories (except for 'D'), AK&M Rating Agency provides an outlook conveying its opinion on the possible reliability rating upgrade or downgrade on the middle-term horizon. The outlook may be positive, stable, or negative.

As a more precise rating instrument, AK&M Rating Agency may use three additional tiers represented by the figures 1, 2, and 3. Tier 1 indicates the higher end of its respective generic rating category.

The rating outlook and the rating sub-category tier are separate rating components which do not depend on each other.