Issuer rating
The Issuer Default Rating represents an agency’s opinion of an issuer’s overall creditworthiness and its relative vulnerability to default on financial obligations. The rating ranks issuers on an ordinal scale according to relative credit risk and does not represent an explicit probability of default.
- Long-term rating applies to obligations with an original maturity greater than 12 months;
- Short-term rating applies to obligations with an original maturity of up to 12 months;