Moodys      S&P        Fitch   
Aaa AAA AAA
Aa1 AA+ AA+
Aa2 AA AA
Aa3 AA- AA-
A1 A+ A+
A2 A A
A3 A- A-
Baa1 BBB+ BBB+
Baa2 BBB BBB
Baa3 BBB- BBB-

Ratings below Baa3/BBB- are generally considered to be below investment grade.

Who Are the Bond Insurers?

Claims Paying Ability
Moody's/S&P/Fitch
Insurer
Aa3/AA-/RW   Assured Guaranty Municipal Corp (AGM)
Aa3/AA-/RW   Assured Guaranty
Ba1/B+/RW   RADIAN (formerly Asset Guaranty Insurance Co.)
RW/RW/RW   AMBAC Assurance Corporation
Baa2/BBB/NR   National Public Finance Guarantee (Formerly MBIA of IL)
Ca/RW/RW   SCA (XLCA)
RW/NR/RW   Financial Guaranty Insurance Company (FGIC)
RW/NR/RW   CIFG
NR/NR/NR   American Capital Access (ACA)
RW=Rating Withdrawn
NR=Not Rated

Claims Paying Ability Additional Credit Enhancement Entities
Aa2/AA-   QSBLF (MI)
Aa3/AA/AA+   Michigan Transportation Fund
Aaa/AAA   PSF (Texas Public School Fund)
Aa2/AA+   Credit Enhancement Program (MN)
















Bernardi Interactive Portfolio

Copyright © 2012 Bernardi Securities, Inc. All rights reserved. View our Privacy & Disclosure Statement and Terms of Use.