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Standard and Poor's
The Standard and Poor's Corporation (also: S&P), a subsidiary of McGraw-Hill[?], is a company that performs financial research and analysis. It is best known for its S&P 500 stock market index. The company also ranks the credit-worthiness of borrowers using a standardized ratings scale.
The basic ratings are:
- AAA
- AA
- A
- BBB
- BB
- B
- CCC
- CC
- C
- CI = past due on interest
- D = default
- NR
Ratings below BBB are non-investment grade junk bonds.
- Standard and Poor's website (http://www.standardandpoors.com)
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