Credit Classification and Credit Rating Agency Rating Matrix

		OECD Country Risk Category
		1	2	3	4	5	6	7
OECD Buyer Risk Categories	OECD	SOV+1	SOV+	SOV+	SOV+	SOV+	SOV+	SOV+
	OECD	SOV/CC0	SOV/CC0	SOV/CC0	SOV/CC0	SOV/CC0	SOV/CC0	SOV/CC0
	CRA Scale	AAA	A+	BBB+	BB+	BB-	B+	B
	OECD	CC12	CC1	CC1	CC1	CC1	CC1	CC1
	S&P/Fitch IBCA	AAA to AA-	A+ to A-	BBB+ to BBB-	BB+ to BB	BB-	B+	B
	Moody's	Aaa to Aa3	A1 to A3	Baa1 to Baa3	Ba1 to Ba2	Ba3	B1	B2
	OECD	CC2	CC2	CC2	CC2	CC2	CC2	CC2
	S&P/Fitch IBCA	A+ to A-	BBB+ to BBB-	BB+ to BB	BB-	B+	B	B- or worse
	Moody's	A1 to A3	Baa1 to Baa3	Ba1 to Ba2	Ba3	B1	B2	B3 or worse
	OECD	CC3	CC3	CC3	CC3	CC3	CC3
	S&P/Fitch IBCA	BBB+ to BBB-	BB+ to BB	BB-	B+	B	B- or worse
	Moody's	Baa1 to Baa3	Ba1 to Ba2	Ba3	B1	B2	B3 or worse
	OECD	CC4	CC4	CC4	CC4	CC4
	S&P/Fitch IBCA	BB+ to BB	BB-	B+	B	B- or worse
	Moody's	Ba1 to Ba2	Ba3	B1	B2	B3 or worse
	OECD	CC5	CC5	CC5	CC5
	S&P/Fitch IBCA	BB- or worse	B+ or worse	B or worse	B- or worse
	Moody's	Ba3 or worse	B1 or worse	B2 or worse	B3 or worse