The tables below outline our current credit ratings. Further information on the ratings, including the latest ratings reports, is also included below.
Agency | Long Term | Short Term |
|---|---|---|
Moody's | A1 | P-1 |
Fitch | A | F1 |
Standard and Poor's | A | A-1 |
DBRS | AA (low) | R-1 (middle) |
Agency | Long Term | Short Term |
|---|---|---|
Moody's | A2 | N/a |
Fitch | A | F1 |
Standard and Poor's | A- | A-2 |
DBRS | AA (low) | R-1 (middle) |
Agency | Long Term | Short Term |
|---|---|---|
Moody's | A1 | P-1 |
Fitch | A | F1 |
Standard and Poor's | A | A-1 |
DBRS | AA (low) | R-1 (middle) |
Latest reports:
29 November 2011 | 9 November 2011 | 14 October 2011
11 October 2011 (SW & CM) | 7 October 2011 | 16 June 2011
Definition of A rating:
Obligations rated A are considered upper-medium grade and are subject to low credit risk.
The modifiers ‘1’, ‘2’ and ‘3’ are appended to these ratings to denote relative ranking within major rating categories. The modifier ‘1’ indicates that the obligation ranks in the higher end of its generic rating category; the modifier ‘2’ indicates a mid-range ranking; and the modifier ‘3’ indicates a ranking in the lower end of that generic rating category.
Latest reports:
13 December 2011 | 13 October 2011 (SW & CM) | 13 October 2011
14 June 2011 | 28 January 2011 | 17 January 2011
Definition of A rating:
'A' ratings denote expectations of low default risk. The capacity for payment of financial commitments is considered strong. This capacity may, nevertheless, be more vulnerable to adverse business or economic conditions than is the case for higher ratings.
The modifiers '+' or '-' may be appended to a rating to denote relative status within major rating categories.
Latest reports:
29 November 2011 | 30 August 2011 | 6 May 2011
Definition of A rating:
An obligor rated 'A' has a strong capacity to meet its financial commitments. An obligation rated ‘A’ is somewhat more susceptible to the adverse effects of changes in circumstances and economic conditions that obligations in higher rated categories.
Long-term debt ratings may include a plus (+) or minus (-) to indicate where within the category the issue is placed.
Latest reports:
14 November 2011 | 6 May 2011 | 1 March 2011
Definition of AA rating:
Long-term debt rated 'AA' is of superior credit quality, and protection of interest and principal is considered high. In many cases they differ from long-term debt rated 'AAA' only to a small degree. Given the extremely restrictive definition DBRS has for the 'AAA' category, entities rated 'AA' are also considered to be strong credits, typically exemplifying above average strength in key areas of consideration and unlikely to be significantly affected by reasonably foreseeable events.
These ratings are shown with the permission of the respective rating agencies.
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