Template talk:Ratings: Difference between revisions

Template talk:Ratings (view source)

330 bytes removed , 24 October 2019

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 ! [[Standard & Poor's|S&P]]
 ! [[Fitch Ratings|Fitch]]
-! Credit worthiness<ref>{{cite web|url=http://www.bankersalmanac.com/addcon/infobank/credit_ratings/standardandpoors.aspx |title=Standard & Poor's Definitions |publisher=Bankersalmanac.com |date=2010-09-20 |accessdate=2012-03-29}}</ref><ref>{{cite web|url=http://www.morganstanleyindividual.com/markets/bondcenter/school/credit/default.asp |title=Individual Investors - An Educational Look at Bond Credit Ratings |publisher=Morganstanleyindividual.com |date=2005-10-25 |accessdate=2012-03-29}}</ref>
+! Credit worthiness
 |-
 | Aaa  || AAA  || AAA
-| An obligor has EXTREMELY STRONG capacity to meet its financial commitments.
+| Extremely strong capacity to meet its financial commitments. But take with a pinch of salt if a [[tranche]] of a CDO.
 |-
 | Aa1  || AA+  || AA+
-| rowspan="3" | An obligor has VERY STRONG capacity to meet its financial commitments. It differs from the highest-rated obligors only to a small degree.
+| rowspan="3" | Very strong capacity to meet its financial commitments. It differs from the highest-rated obligors only to a small degree. It won’t be a CDO, so actually a pretty good bet. A bit like buying the second most expensive bottle of wine on the menu.
 |-
 | Aa2  || AA  || AA