About Credit Ratings
信用评级或稳定评级不建议买入, sell or hold securities and may be subject to revision or withdrawal at any time by the credit rating organization. Credit ratings and outlooks provided by the rating agencies reflect their views and are subject to change from time to time, 基于许多因素, 包括不完全在一号中心控制范围内的因素, including the methodologies used by the rating agencies and conditions affecting the industries in which Central 1 operates generally.
Central 1 has made payments in the ordinary course to ratings agencies referred to below in connection with the assignment of ratings on the securities of the Central 1. In addition, Central 1 has made customary payments in respect of certain other services provided to Central 1 by some or all of the applicable rating agencies during the last two years.
DBRS长期评级量表提供了对违约风险的看法. That is, the risk that an issuer will fail to satisfy its financial obligations in accordance with the terms under which an obligation has been issued. Ratings are based on quantitative and qualitative considerations relevant to the issuer, 以及索赔的相对等级. All rating categories other than AAA and D also contain subcategories “(high)” and “(low)”. The absence of either a “(high)” or “(low)” designation indicates the rating is in the middle of the category. 根据DBRS评级系统, debt securities rated “A” are of good credit quality. 支付这些财政债务的能力是巨大的, 但信用质量低于AA. 这些义务可能容易受到未来事件的影响, 但合格的负面因素被认为是可控的.
The DBRS short-term debt rating scale provides an opinion on the risk that an issuer will not meet its short-term financial obligations in a timely manner. Ratings are based on quantitative and qualitative considerations relevant to the issuer 以及索赔的相对等级. R-1和R-2评级类别进一步由子类别“(高)”表示, “(middle)”, and “(low)”. 根据DBRS评级系统, 评级为R-1(中)的债务证券具有较高的信用质量. The capacity for the payment of these short-term financial obligations as they fall due is very high. 这一评级与R-1(高)的差别相对较小. 不太可能受到未来事件的严重影响.
根据惠誉对其发行人违约评级(IDR)评级量表的描述, IDRs opine on an entity’s relative vulnerability to default (including by way of a distressed debt exchange) on financial obligations. According to Fitch, an A: High credit quality rating on this scale denotes expectation of low default risk. 金融工具的支付能力被认为很强. This capacity may, nevertheless, be more vulnerable to adverse business or economic conditions than is the case for higher ratings. According to Fitch, a BBB: Good credit quality rating indicates that expectations of default risk are currently low. 支付财政承诺的能力被认为是足够的, but adverse business or economic conditions are more likely to impair this capacity. Fitch may use modifiers “+” or “-” to denote relative status within major ratings categories.
According to Fitch’s description of its short-term issuer or obligation rating scale, such ratings are based in all cases on the short-term vulnerability to default of the rated entity and relates to the capacity to meet financial obligations in accordance with the documentation governing the relevant obligation. According to Fitch a rating of F1: Highest Short-Term Credit Quality indicates the strongest intrinsic capacity for timely payment of financial commitments; may have an added “+” to denote any exceptionally strong credit feature.
*Descriptions of ratings are summaries only based on certain information provided by applicable ratings agencies on their public websites as of the date noted above and should not be construed as the views of Central 1. 的详细信息, please refer to each of the respective rating agency’s public website or other information provided by ratings agencies.