Insurance Company Rating Categories
Rank Number 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 / Marginal
BBB-
Good  
  BBB-
Secure / Adequate
11 C
Vulnerable / Weak
BB+
Marginal
  BB+
Uncertain
12 C-
Vulnerable / Weak
BB
Marginal
  BB
Uncertain
13 D
Vulnerable / Poor
BB-
Marginal
  BB-
Uncertain
14 E
Vulnerable / Under State Supervision
B+
Weak
  B+
Possessing Risk
15 F
Vulnerable / In Liquidation
B
Weak
  B
Possessing Risk
16 S
Rating Suspended
B-
Weak
  B-
Possessing Risk
17   CCC+
Very Weak
  CCC
Substantial
Risk
18   CCC
Very Weak
  DD
Liquidating
19 CCC-
Very Weak
SR
Suspended Rating
20 CC
Extremely Weak
21 R
Regulatory Action
22 pi
Based on public information only