There is no unified global or even all-Russian rating system. However, credit ratings of different agencies, especially high ones, are usually comparable with each other . For example, “A+” in one system may have the same meaning as “A1” in another system and “ruA+” in a third.
As a rule, ratings with the letter “A” indicate the most creditworthy companies, those with the letter “B” – medium in terms of reliability, and those with the letter “C” – close to bankruptcy. If you see the letter “D” in the rating designation, this means default: the company has already refused to pay its debts and has actually dropped out of the financial game.
There are also gradations within the letter categories: for example, the rating “BBB” is higher than “BB” and “B”, and “A +” is higher than “A” and “A—”.
Together with the rating, the agencies publish a forecast: for example, “stable”, “positive” or “negative”. It shows whether analysts expect that the financial position of the organization will change in the coming year and in what direction.