Expert: Doug Ingram - 11/22/2006

Question
THE BOND RATING BBB2 IS EQUIVALENT TO WHAT RATING ISSUED BY STANDARD AND POORS?

Answer
Here's a table.  It would be roughly equivalent to BBB or BBB-

Rank    Standard & Poor's    Moody's    
1    AAA = Extremely Strong    Aaa = Exceptional
2    AA+ = Very Strong    Aa1 = Excellent
3    AA = Very Strong    Aa2 = Excellent
4    AA- = Very Strong    Aa3 = Excellent
5    A+ = Strong       A1 = Good
6    A = Good       A2 = Good
7    A- = Good       A3 = Good    
8    BBB+ = Good       Baa1 = Adequate
9    BBB = Adequate       Baa2 = Adequate
10    BBB- = Adequate    Baa3 = Adequate
11    BB+ = Marginal       Ba1 = Questionable
12    BB = Marginal       Ba2 = Questionable     
13    BB- = Marginal       Ba3 = Questionable
14    B+ = Weak       B1 = Poor     
15    B = Weak       B2 = Poor    
16    B- = Weak       B3 = Poor