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 Corporate Tenant Credit Ratings


 
The credit rating of a corporation is a financial indicator to potential investors of debt securities such as bonds. These are assigned by credit rating agencies such as A.M. Best, Dun & Bradstreet, Standard & Poor's, Moody's or Fitch Ratings and have letter designations such as A, B, C. The Standard & Poor's rating scale is as follows, from excellent to poor: AAA, AA+, AA, AA-, A+, A, A-, BBB+, BBB, BBB-, BB+, BB, BB-, B+, B, B-, CCC+, CCC, CCC-, CC, C, D. Anything lower than a BBB- rating is considered a speculative or junk bond.[3] The Moody's rating system is similar in concept but the naming is a little different. It is as follows, from excellent to poor: Aaa, Aa1, Aa2, Aa3, A1, A2, A3, Baa1, Baa2, Baa3, Ba1, Ba2, Ba3, B1, B2, B3, Caa1, Caa2, Caa3, Ca, C. A.M. Best rates from excellent to poor in the following manner: A++, A+, A, A-, B++, B+, B, B-, C++, C+, C, C-, D, E, F, and S. The CTRISKS rating system is as follows: CT3A, CT2A, CT1A, CT3B, CT2B, CT1B, CT3C, CT2C and CT1C. All these CTRISKS grades are mapped to one-year probability of default. 
 
Moody's S Fitch  
Long-term Short-term Long-term Short-term Long-term Short-term  
Aaa P-1 AAA A-1+ AAA F1+ Prime
Aa1 AA+ AA+ High grade
Aa2 AA AA
Aa3 AA- AA-
A1 A+ A-1 A+ F1 Upper medium grade
A2 A A
A3 P-2 A- A-2 A- F2
Baa1 BBB+ BBB+ Lower medium grade
Baa2 P-3 BBB A-3 BBB F3
Baa3 BBB- BBB-
Ba1 Not prime BB+ B BB+ B Non-investment grade
speculative
Ba2 BB BB
Ba3 BB- BB-
B1 B+ B+ Highly speculative
B2 B B
B3 B- B-
Caa1 CCC+ C CCC C Substantial risks
Caa2 CCC Extremely speculative
Caa3 CCC- In default with little
prospect for recovery
Ca CC
C
C D / DDD / In default
/ DD
/ D
 
 
 
Tenant Credit Ratings & Probability of Default 
   
Tenant Stock
Symbol
Standard
& Poors
Probability of Default
Applebee's       
7-Eleven SE AA- 0.20%
Advance Auto AAP BBB- 4.00%
AT ATT A 0.60%
AutoZone AZO BBB 2.00%
Bank of America BAC A 0.60%
BB&T Bank BBT A 0.60%
Bed, Bath & Beyond BBBY BBB 2.00%
Best Buy BBY BBB- 4.00%
Blockbuster Entertainment BBI CC 60.00%
BP America BP AA- 0.20%
Burger King Corp. BKC BB- 19.00%
Chase Bank BBBY AA- 0.20%
Chevron Corp CVX AA 0.20%
Chili's      
Citibank C A+ 0.40%
Costco Wholesale Corp COST A+ 0.40%
CVS CVS BBB+ 1.50%
DaVita Inc DVA BB- 19.00%
Dollar General DG BB 9.00%
Exxon Mobil XOM AAA 0.15%
FedEx FDX BBB 2.00%
Food Lion DEG BBB- 4.00%
Foot Locker FL B+ 25.00%
Goodyear GT BB- 19.00%
Home Depot HD BBB+ 1.50%
Jack in The Box JBX BB- 19.00%
Jiffy Lube      
JC Penney JCP BB+ 7.00%

KFC

     
Key Bank KEY BBB+ 1.50%
Kindercare       
kmart       
Kohl's Corp. KSS BBB+ 1.50%
Lowe's LOW A+ 0.40%
McDonalds Corp. MCD A 0.60%
Nordstrom JWN BBB+ 1.50%
Office Depot ODP B 31.00%
Olive Garden       
Office Max OMX B- 43.00%
Pep Boys PBY B- 43.00%
Petsmart PETM BB 9.00%
Pizza Hut       
PNC Bank PNC A+ 0.40%
Popeye's AFC  B+  N/A
Radio Shack RSH BB 9.00%
RBC Bank RY A- 0.60%
Regal Entertainment Group RGC B+ 25.00%
Rite-Aid RAD B- 43.00%
Ross Stores ROST BBB 2.00%
Ruby Tuesday       
Safeway SWY BBB 2.00%
Sears Holdings SHLD BB- 19.00%
Shell Oil RDS.A AA 0.20%
Staples SPLS BBB 2.00%
Starbucks SBUX BBB+ 1.50%
Target TGT A+ 0.40%
Taco Bell       
The Gap, Inc. GPS BB+ 7.00%
T-Mobile DT BBB+ 1.50%
Verizon VZ A 0.60%
Walgreen Co WAG A 0.60%
Wachovia      
Wal-Mart WMT AA 0.20%
Wells Fargo WFC AA- 0.20%
Wendy's/Arby's Group WEN B+ 25.00%
Whole Foods WFMI BB- 19.00%

 

100 N Washington St #210
Falls Church, VA 22046
T:      (202)-361-3050
F:      (202)-747-5270
 
E:   info@nnndeals.com





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