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Bank supervision.

Credit Quality Step.

A simplified and standardised scale of credit quality, mapped to the credit ratings of the largest credit rating agencies.

The Credit Quality Steps are whole numbers from 1 to 6.

1 is the highest quality, corresponding to ratings of AA- and better in Fitch's and Standard & Poor's (S&P's) ratings.

6 is the lowest quality, corresponding to CCC+ and worse in Fitch's and S&P's ratings.

See also