Ratings Descriptions
[ Last Updated 5 October 2007 ]
Short Description
Outlines the ratings used by the three approved agencies, A. M. Best, Fitch Ratings and Standard & Poor's.
Applied to Insurance Companies (Ratings and Inspections) Act 1994 Schedule of Ratings
| Approved Rating Agency |
Rating and Description |
|
| A M Best |
A++ (Superior) |
|
| A+ (Superior) |
| A (Excellent |
| A- (Excellent) |
| B++ (Good) |
| B+ (Good) |
| B (Fair) |
| B- (Fair) |
| C++ (Marginal) |
| C+ (Marginal) |
| C (Weak) |
| C- (Weak) |
| D (Poor) |
| E (Under Regulatory Supervision) |
| F (In Liquidation) |
| A M Best Financial Performance Rating (FPR) |
9 (Very Strong) |
|
| 8-7 (Strong) |
| 6-5 (Good) |
| 4 (Fair) |
| 3 (Marginal) |
| 2 (Weak) |
| 1 (Poor) |
| |
Rating |
Rating Description |
| Fitch Ratings |
AAA |
Exceptionally Strong |
| AA+ |
Very Strong |
| AA |
Very Strong |
| AA- |
Very Strong |
| A+ |
Strong |
| A |
Strong |
| A- |
Strong |
| BBB+ |
Good |
| BBB |
Good |
| BBB- |
Good |
| BB+ |
Moderately Weak |
| BB |
Moderately Weak |
| BB- |
Moderately Weak |
| B+ |
Weak |
| B |
Weak |
| B- |
Weak |
| CCC |
Very Weak |
| CC |
Very Weak |
| C |
Very Weak |
| DDD |
Distressed |
| DD |
Distressed |
| D |
Distressed |
| |
Rating |
Rating Description |
| Standard & Poor's |
AAA |
Extremely Strong |
| AA+ |
Very Strong |
| AA |
Very Strong |
| AA- |
Very Strong |
| A+ |
Strong |
| A |
Strong |
| A- |
Strong |
| BBB+ |
Good |
| BBB |
Good |
| BBB- |
Good |
| BB+ |
Marginal |
| BB |
Marginal |
| BB- |
Marginal |
| B+ |
Weak |
| B |
Weak |
| B- |
Weak |
| CCC |
Very Weak |
| CC |
Extremely Weak |
| R |
Regulatory Action |
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