Annuities are rated by independent financial rating companies. These companies specialize in evaluating and assigning a rating to different types of Financial Companies & Issuers.
The main companies that do this are Standard & Poors (S&P), Moodys, Fitch, A.M. Best, Weiss, & Comdex.
It is important to know that each company has it's own rating scale. And rating scales can also differ depending on which type of financial company is being evaluated.
S&P has the easiest to understand rating scale; AAA, AA+, AA, AA-, A+, A, A-, BBB, BB+, BB, BB-, B+, B, B- then the same for C then D and then F is default.
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The main companies that do this are Standard & Poors (S&P), Moodys, Fitch, A.M. Best, Weiss, & Comdex.
It is important to know that each company has it's own rating scale. And rating scales can also differ depending on which type of financial company is being evaluated.
S&P has the easiest to understand rating scale; AAA, AA+, AA, AA-, A+, A, A-, BBB, BB+, BB, BB-, B+, B, B- then the same for C then D and then F is default.