Rating Agency AK&M

Ratings Scales

Creditworthiness scale
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Ratings Scales / Creditworthiness scale

Creditworthiness scale

AK&M Creditworthiness Rating Scale has four rating categories representing different degrees of creditworthiness.

Rating categories

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

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

Rating level	Description	Risk evaluation
A++	Extremely high creditworthiness	Risk of a delay in meeting obligations is minimal
A+	Very high creditworthiness	Risk of a delay in meeting obligations is insignificant
A	High creditworthiness	Risk of a delay in meeting obligations is low, full or partial debt restructuring risk is minimal
B++	Sufficient creditworthiness	Risk of a delay in meeting obligations is moderate, full or partial debt restructuring risk is insignificant
B+	Sufficient creditworthiness	Full or partial debt restructuring risk is low
B	Sufficient creditworthiness	Full or partial debt restructuring risk is moderate
C++	Low creditworthiness	Full or partial debt restructuring risk is significant
C+	Low creditworthiness	Full or partial debt restructuring risk is low
C	Low creditworthiness	Default risk is extremely high
D	Poor creditworthiness	Default case

For any of the rating categories (except for 'D'), AK&M Rating Agency provides an outlook conveying its opinion on the possible creditworthiness 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.

The creditworthiness rating scale is applied when estimating the creditworthiness of financial institutions, companies, production enterprises, regions, and bond issues.