About Ratings Categories

Insurance Company Rating Categories indicates the rating service’s opinion of an insurer’s ability to meet its obligations to policyholders, based on the insurer’s reported financial performance over several years.

Rank A.M. Best Standard & Poor’s Moody’s Fitch
  Financial Strength Financial Strength Financial Strength Financial Strength
1 A++
Secure / Superior 		AAA
Extremely Strong		 Aaa
Exceptional 		AAA
Secure /  Highest
2 A+
Secure / Superior 		AA+
Very Strong 		Aa1, Aa2, Aa3
Excellent 		AA+
Secure / Very High
3 A
Secure / Excellent		 AA
Very Strong		 A1, A2, A3
Good		 AA
Secure / Very High
4 A-
Secure / Excellent		 AA-
Very Strong 		Baa1, Baa2, Baa3
Adequate 		AA-
Secure / Very High
5 B++
Secure / Very Good 		A+
Strong 		Ba1, Ba2, Ba3
Questionable 		A+
Secure / High
6 B+
Secure / Good 		A
Strong 		B1, B2, B3
Poor 		A
Secure / High
7 B
Vulnerable /  Fair 		A-
Strong		 Caa
Very Poor 		A-
Secure / High
8 B-
Vulnerable /  Fair 		BBB+
Good 		Ca
Extremely Poor 		BBB+
Secure / Adequate
9 C++
Vulnerable / Marginal 		BBB
Good 		C
Lowest 		BBB
Secure / Adequate
10 C
Vulnerable / Weak 		BB+
Marginal 		  BB+
Uncertain
11 C-
Vulnerable / Weak 		BB
Marginal 		  BB
Uncertain
12 D
Vulnerable / Poor 		BB-
Marginal 		  BB-
Uncertain
13 E
Vulnerable / Under State Supervision 		B+
Weak 		  B+
Possessing Risk
14 F
Vulnerable / In Liquidation 		B
Weak 		  B
Possessing Risk
15 S
Rating Suspended 		B-
Weak 		  B-
Possessing Risk
16   CCC+
Very Weak 		  CCC
Substantial
Risk
17   CCC
Very Weak 		  DD
Liquidating
18   CCC-
Very Weak 		  SR
Suspended Rating
19   CC
Extremely Weak		    
20   R
Regulatory Action