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6 <br />Rating Scale <br />Moody’s S &P Fitch <br />Highest Aaa AAA AAA <br />Aa 1 AA+AA+ <br />Aa 2 AA AA <br />Aa 3 AA-AA- <br />A1 A+A+ <br />A2 A A <br />A3 A-A- <br />Baa1 BBB+BBB+ <br />Baa2 BBB BBB <br />Lowest <br />(Investment Grade) <br />Baa3 BBB-BBB-