What Does a Credit Rating Mean?
March 28, 2022
ENGIE’s current S&P credit rating stands at BBB+. But what does that mean? This rating is considered investment grade. Companies with this credit rating largely demonstrate the ability to meet their debt obligations.
In 2020, there were zero corporate defaults among organizations that S&P rated as investment grade. In the 20 years ending in 2020, the average corporate default rate for BBB+ rated entities was .0011%.