Credit Quality Step: Difference between revisions

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* [[Bank supervision]]
* [[Bank supervision]]
* [[Corporate credit ratings: a quick guide]]
* [[Corporate credit ratings: a quick guide]]
* [[Credit]]
* [[Credit rating agency]]
* [[Credit rating agency]]
* [[Fitch]]
* [[Fitch]]

Latest revision as of 12:01, 6 July 2022

Bank supervision.

(CQS).

A CQS is 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.


CQS 1, 2 and 3 correspond to investment grade.

CQS 4, 5 and 6 are non-investment grade.


See also