有考生想了解GARP協會官方版本P.325,表19-3,FMP-19.4考綱的所有信用評等之解釋。特翻譯該解釋如下,以供參考:
表19-3 長期優先債務評等符號
投資級評等 |
|
評等 |
解釋 |
AAA/Aaa |
最高品質,非常強,非常不可能受到可預見事件的影響(Highest quality; extremely strong, highly unlikely to be affected by foreseeable events.)。 |
AA/Aa |
非常高品質,還款能力不會受到可預見事件的傷害(Very high quality; capacity for repayment is not significantly vulnerable to foreseeable events.)。 |
A/A |
強的付款能力,較可能受到經濟環境變動的影響(Strong payment capacity; more likely to be affected by changes in economic circumstances.)。 |
BBB/Baa |
合適的付款能力,環境的負面變動可能影響還款能力(Adequate payment capacity; a negative change in environment may affect capacity for repayment.)。 |
低於投資級評等 |
|
評等 |
解釋 |
BB/Ba |
被視為投機,有信用風險的可能(Considered speculative with possibility of developing credit risks.)。 |
B/B |
被視為非常投機,有重大信用風險(Considered very speculative with significant credit risks.)。 |
CCC/Caa |
被視為高度投機,有潛在信用風險(Considered highly speculative with substantial credit risks.)。 |
CC/Ca |
可能破產或極度投機(Maybe in default or wildly speculative.)。 |
C/C/D |
破產或違約(In bankruptcy or default.)。 |
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