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Junior obligations are typically rated lower than senior obligations, to reflect the lower priority in bankruptcy, as noted above.
(Such differentiation may apply when an entity has both senior and subordinated obligations, secured and unsecured obligations, or operating company and holding company obligations.) An obligation rated 'A' is somewhat more susceptible to the adverse effects of changes in circumstances and economic conditions than obligations in higher-rated categories.
An obligation rated 'BB' is less vulnerable to nonpayment than other speculative issues.
However, it faces major ongoing uncertainties or exposure to adverse business, financial, or economic conditions that could lead to the obligor's inadequate capacity to meet its financial commitments on the obligation.
Information about other products and services is located on the S&P Global Ratings website at
The following sets of rating definitions are for long-term and short-term credit ratings for both issuer and issue ratings.
The definitions are classified into two types: general-purpose credit ratings and special-purpose ratings.
S&P Global Ratings uses letters, numbers, words, or combinations of these in each ratings scale to summarize its opinion.However, adverse economic conditions or changing circumstances are more likely to weaken the obligor's capacity to meet its financial commitments on the obligation.Obligations rated 'BB', 'B', 'CCC', 'CC', and 'C' are regarded as having significant speculative characteristics.Definitions of this supplementary information are included.Section I describes the general-purpose credit rating, both issue and issuer credit ratings, and the long-term and short-term credit ratings.Users of ratings or other analyses should not rely on them in making any investment decision.Tags: Adult Dating, affair dating, sex dating