Ratings
JSC «MOESK» was assigned credit ratings of the leading international rating agencies Moody’s è Standard & Poor’s.
The current ratings assigned to JSC «MOESK»:
|
Agency |
Rating definition |
Outlook | |
|
Global scale |
National Scale | ||
|
Moody’s |
Ba2 |
Aa2.ru |
Stable |
|
Standard & Poor’s |
BB- |
ruAA- |
Stable |
Historical ratings
|
Agency |
Rating definition |
Date | |
|
Global scale |
National Scale | ||
|
Moody’s |
Ba2 Stable outlook |
Aa2.ru |
June 28th, 2011** |
|
Ba2 Stable outlook |
Aa2.ru |
December 21st, 2009 | |
|
Ba2 Stable outlook |
Aa2.ru |
November 27th, 2008 | |
|
Ba2 Positive outlook |
Aa2.ru |
October 26th, 2007 | |
|
Standard & Poor’s |
BB- Stable outlook |
ruAA- |
January 11th, 2012* |
*Date of the last update
Meaning of long-term credit ratings on Moody’s global scale
|
Aaa |
Issuers or issues rated Aaa are judged to be of the highest quality, with minimal credit risk. |
|
Aa |
Issuers or issues rated Aa are judged to be of high quality and are subject to very low credit risk. |
|
A |
Issuers or issues rated A are considered upper-medium grade and are subject to low credit risk. |
|
Baa |
Issuers or issues rated Baa are subject to moderate credit risk. They are considered medium grade and as such may possess certain speculative characteristics. |
|
Ba |
Issuers or issues rated Ba are judged to have speculative elements and are subject to substantial credit risk. |
|
B |
Issuers or issues rated B are considered speculative and are subject to high credit risk. |
|
Caa |
Issuers or issues rated Caa are judged to be of poor standing and are subject to very high credit risk |
|
Ca |
Issuers or issues rated Ca are highly speculative and are likely in, or very near, default, with some prospect of recovery of principal and interest. |
|
C |
Issuers or issues rated C are the lowest rated class and are typically in default, with little prospect for recovery of principal or interest. |
Note. : Moody’s appends numerical modifiers 1, 2, and 3 to each generic rating classification from Aa through Caa. 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.
Meaning of long-term credit ratings on Moody’s national scale
|
Aaa.ru |
Issuers or issues rated Ààà.ru demonstrate the strongest creditworthiness relative to other domestic issuers. |
|
Aa.ru |
Issuers or issues rated Aa.ru demonstrate very strong creditworthiness relative to other domestic issuers. |
|
A.ru |
Issuers or issues rated A.ru present above-average creditworthiness relative to other domestic issuers |
|
Baa.ru |
Issuers or issues rated Baa.ru represent average creditworthiness relative to other domestic issuers. |
|
Ba.ru |
Issuers or issues rated Ba.ru demonstrate below-average creditworthiness relative to other domestic issuers. |
|
B.ru |
Issuers or issues rated B.ru demonstrate weak creditworthiness relative to other domestic issuers. |
|
Caa.ru |
Issuers or issues rated Caa.ru demonstrate very weak creditworthiness relative to other domestic issuers. |
|
Ca.ru |
Issuers or issues rated Ca.ru demonstrate extremely weak creditworthiness relative to other domestic issuers. |
|
C.ru |
Issuers or issues rated C.ru demonstrate the weakest creditworthiness relative to other domestic issuers. |
Note. : Moody’s appends numerical modifiers 1, 2, and 3 to each generic rating classification from Aa through Caa. 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. National scale long-term ratings of D.ru and E.ru may also be applied to Argentinian obligations.
Meaning of long-term credit ratings on Standard & Poor’s global scale
|
AAA |
Extremely strong capacity to meet financial commitments. Highest Rating. |
|
AA |
Very strong capacity to meet financial commitments. |
|
A |
Strong capacity to meet financial commitments, but somewhat susceptible to adverse economic conditions and changes in circumstances. |
|
BBB |
Adequate capacity to meet financial commitments, but more subject to adverse economic conditions. |
|
BBB- |
Considered lowest investment grade by market participants. |
|
BB+ |
Considered highest speculative grade by market participants. |
|
BB |
Less vulnerable in the near-term but faces major ongoing uncertainties to adverse business, financial and economic conditions. |
|
B |
More vulnerable to adverse business, financial and economic conditions but currently has the capacity to meet financial commitments. |
|
CCC |
Currently vulnerable and dependent on favorable business, financial and economic conditions to meet financial commitments. |
|
CC |
Currently highly vulnerable. |
|
C |
Currently highly vulnerable obligations and other defined circumstances. |
|
D |
Payment default on financial commitments. |
Note: : Ratings from «AA» to «CCC» may be modified by the addition of a plus (+) or minus (-) sign to show relative standing within the major rating categories.
Meaning of long-term credit ratings on Standard & Poor’s national scale
|
ruAAA |
An obligor rated «ruAAA» has a very strong capacity to meet its financial commitments relative to that of other Russian obligors. «ruAAA» is the highest issuer credit rating assigned according to the Standard & Poor's Russia National Scale. |
|
ruAA |
An obligor rated «ruAA» differs from the highest-rated obligors only to a small degree, and has a strong capacity to meet its financial commitments relative to that of other Russian obligors. |
|
ruA |
An obligor rated «ruA» is somewhat more susceptible to the adverse effects of changes in circumstances and economic conditions than higher-rated obligors. Still, the obligor has a moderately strong capacity to meet its financial commitments relative to that of other Russian obligors. |
|
ruBBB |
An obligor rated «ruBBB» has an adequate capacity to meet its financial commitments relative to that of other Russian obligors. However, adverse economic conditions or changing circumstances are more likely to lead to a weakened capacity of the obligor to meet its financial commitments. |
|
ruBB, ruB, ruCCC, ruCC |
Obligors rated «rub», «ruB», «ruCCC», «ruCC», or «ruC» on the Standard & Poor's Russia national rating scale are regarded as having high risk relative to other Russian obligors. While such obligors will likely have some quality and protective characteristics, these may be outweighed by large uncertainties or major exposure to adverse conditions relative to other Russian obligors. |
|
ruBB |
An obligor rated «ruBB» is less vulnerable than other lower-rated Russian obligors. However, it faces ongoing uncertainties or exposure to adverse business, financial, or economic conditions, which could result in an inadequate capacity on the part of the obligor to meet its financial commitments. |
|
ruB |
An obligor rated «ruB» is more vulnerable than obligors rated «ruBB». The obligor currently has the capacity to meet its financial commitments relative to other Russian obligors. Adverse business, financial, or economic conditions would likely impair the obligor's capacity or willingness to meet its financial commitments.. |
|
ruCCC |
An obligor rated «ruCCC» is currently vulnerable relative to other Russian obligors and is dependent upon favorable business and financial conditions to meet its financial comitments. |
|
ruCC |
An obligor rated «ruCC» is currently highly vulnerable to defaulting on its financial commitments relative to other Russian obligors. |
|
ruC |
An obligor rated «ruC» is under regulatory supervision owing to its financial condition. During the pendency of the regulatory supervision, the regulators may have the power to favor one class of obligations over others or pay some obligations and not others. Please see Standard & Poor's debt credit ratings for a more detailed description of the effects of regulatory supervision on specific issues or classes of obligations. |
|
ruSD è ruD |
An obligor rated «SD» (selective default) or «D» has failed to pay one or more of its financial obligations (rated or unrated) when it came due. A «D» rating is assigned when Standard & Poor's believes that the default will be a general default and that the obligor will fail to pay all or nearly all of its obligations as they come due. An «SD» rating is assigned when Standard & Poor's believes that the obligor has selectively defaulted on a specific obligation or class of obligations, but will continue to meet its payment obligations on other issues or classes of obligations in a timely manner. Please see Standard & Poor's debt credit ratings for a more detailed description of the effects of a default on specific issues or classes of obligations. |
Note: : The ratings from «ruAA» to «ruCCC» may be modified by the addition of a plus (+) or minus (-) sign to show relative strength within the rating category.
