SME Issuer Rating

Long Term Rating

Rating Class

Rating Class Description

 

SME1

 

Issuer with an EXCELLENT ability to honor its financial obligations.

Risk of default, relative to the SME segment, is minimal.

 

 

SME2

 

Issuer with a VERY GOOD ability to honor its financial obligations.

Risk of default, relative to the SME segment, is very low.

 

 

SME3

 

Issuer with a GOOD ability to honor its financial obligations.

Risk of default, relative to the SME segment, is low.

 

 

SME4

 

Issuer with an ADEQUATE ability to honor its financial obligations.

Risk of default, relative to the SME segment, is medium.

 

 

SME5

 

Issuer with a WEAK ability to honor its financial obligations.

Risk of default, relative to the SME segment, is above average.

 

 

SME6

 

Issuer with a VERY WEAK ability to honor its financial obligations.

Risk of default, relative to the SME segment, is high.

 

 

SME7

 

Issuer with a COMPROMISED ability to honor its financial obligations.

Risk of default, relative to the SME segment, is very high.

 

 

SME8

 

Issuer with negative events and/or not able to honor its financial obligations.

Risk of default is realistic.

 

 

DF

 

Issuer subject to an ongoing insolvency proceeding according to the European Insolvency regulation.