RatingEnum

For equity securities, indicates a favorable outlook and positive investment recommendation

Use when expressing optimistic views on equity investments with expected positive performance [RIXML Research Data Dictionary v2.5.1 p.100]

For equity securities, indicates a balanced outlook without strong positive or negative bias

Use when expressing neutral views on equity investments with expected market-level performance [RIXML Research Data Dictionary v2.5.1 p.100]

For equity securities, indicates an unfavorable outlook and negative investment recommendation

Use when expressing pessimistic views on equity investments with expected underperformance [RIXML Research Data Dictionary v2.5.1 p.100]

Explicit indication that no rating assessment is being provided by the publisher

Use when explicitly stating that no rating is available, distinct from simply omitting the rating element [RIXML Research Data Dictionary v2.5.1 p.100]

For fixed income securities, denotes minimal credit risk with exceptionally strong payment capacity unlikely to be affected by foreseeable events

Use for highest-quality debt securities (equivalent to AAA/AA ratings) with virtually no default risk [RIXML Research Data Dictionary v2.5.1 p.100]

For fixed income securities, indicates low credit risk with very strong payment capacity that may have some vulnerability to changing conditions

Use for high-quality debt securities (equivalent to A rating) with strong but not exceptional creditworthiness [RIXML Research Data Dictionary v2.5.1 p.100]

For fixed income securities, indicates adequate payment capacity but greater sensitivity to adverse economic changes, representing the lowest investment-grade category

Use for investment-grade debt securities (equivalent to BBB rating) that meet minimum standards but have more vulnerability [RIXML Research Data Dictionary v2.5.1 p.100]

For fixed income securities, indicates potential credit risk development, particularly from adverse economic changes, with securities that are not investment grade

Use for speculative-grade debt securities (equivalent to BB rating) that have business alternatives to meet commitments [RIXML Research Data Dictionary v2.5.1 p.100]

For fixed income securities, indicates significant credit risk with limited safety margin, where payment capacity depends on favorable business conditions

Use for highly speculative debt securities (equivalent to B rating) with substantial credit risk [RIXML Research Data Dictionary v2.5.1 p.100]

For fixed income securities, suggests that default is a real possibility with payment capacity solely dependent on sustained favorable conditions

Use for debt securities (equivalent to C rating) where default risk is substantial and conditions must remain favorable [RIXML Research Data Dictionary v2.5.1 p.101]

For fixed income securities, indicates that the entity has already defaulted on some or all of its financial obligations

Use for debt securities (equivalent to D rating) where payment defaults have already occurred [RIXML Research Data Dictionary v2.5.1 p.101]

Allows publishers to specify ratings using their own proprietary rating scales and methodologies

Use when the rating doesn't align with standard RIXML rating categories and requires publisher-specific interpretation [RIXML Research Data Dictionary v2.5.1 p.101]