BBB rating

A BBB rating means an applicant has been assigned a credit rating of BBB+, BBB, or BBB- by Standard & Poor’s. BBB ratings indicate that there is currently a low expectation of credit risk. The capacity for timely payment of financial commitments is considered adequate, but adverse changes in circumstances and in economic conditions are more likely to impair this capacity. Investments with a BBB rating, or its equivalent, historically experienced a loss rate of less than one percent.