Tenant Credit Ratings
June 2022
CREDIT TENANCY
Highest Quality
High Quality
Upper Medium Grade
Medium Grade
Lower Medium Grade*
Lower Grade*
Poor Quality*
Speculative*
No Interest Being Paid or BK Petition Filed*
MOODY’S
Aaa
Aa
A
Baa
Ba
B
Caa
Ca
C
STD & POOR’S
AAA
AA
A
BBB
BB
B
CCC
CC
C
Note: The ratings from Aa to Ca by Moody’s may be modified by the addition of a 1,2 or 3 to show the relative standing within the category. 1= High 3= Low
*Below Investment Grade
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