- Credit Ratings

Credit Rating Status

Moody's and S P's credit rating system
Moody's	S&P	Fitch
Aa2	AA	AA-
2023.05	2022.11	2022.07

Moody's and S P's credit rating system
Agency	2022	2021	2020	2019	2018	2017	2016	2015
Moody's	Aa2	Aa2	Aa2	Aa2	Aa2	Aa2	Aa2	Aa3
S&P	AA	AA	AA	AA	AA	AA	AA	AA-
Fitch	AA-	AA-	AA-	AA-	AA-	AA-	AA-	AA-

Moody's and S P's credit rating system
	Moody's	S&P	Definition
Eligible Investment Ratings Ratings	Aaa	AAA	Extremely strong financial commitment and the lowest risk of investment
	Aa1 Aa2 Aa3	AA+ AA AA-	Very strong financial commitment and higher risk of investment than AAA rating
	A1 A2 A3	A+ A A-	Somewhat more susceptible to the adverse effects of changes in circumstances and economic conditions. However, the ability of payment is still strong
	Baa1 Baa2 Baa3	BBB+ BBB BBB-	Adequate protection parameters. In spite of the present stability, it might be vulnerable to payment in a long term
Ineligible Investment Ratings	Ba1 Ba2 Ba3	BB+ BB BB-	More likely to have speculative characteristics. It is vulnerable to nonpayment in a long term
	B1 B2 B3	B+ B B-	More likely to have speculative characteristics. It is vulnerable to nonpayment in a long term
	Caa	CCC	Having significant speculative characteristics. It is vulnerable to nonpayment in a long term
	Ca	CC	susceptible to bankruptcy
	C	C	The lowest condition for investment