Double A Credit Rating

A Double-A Credit Rating (AA) is the second-highest rating that can be assigned to debt, with a high probability of timely and complete payment. AA+ and Aa1 are the second-highest ratings that can be assigned to debt by Standard & Poor's Financial Services (S&P) and Moody's Investors Service, respectively. Indicating a good credit quality, this rating tells that the entity has a very strong capacity to meet its financial commitments, indicating a high-quality investment-grade bond. Double-A Credit Rating signifies that the issuer is financially sound and has enough revenues and cash reserves to pay its debts.