The following table explains the Credebt Exchange Equivalent Ratings used to grade ETR on the Exchange. Credebt Exchange Equivalent Ratings are updated on a regular basis and should be used as a reference only. Investors using Equivalent Ratings agree to be bound by the terms of the Master Agreement should understand how they are generated. Investors should also read the disclaimer below before considering Credebt Exchange® Equivalent Ratings as part of your investment assessment.

How Equivalent Ratings Are Generated

Equivalent Ratings are simple and are not derived, or influenced in any way, by Credebt Exchange® . In the case of any organisation with ratings from Moody’s, Fitch or Standard & Poor’s, Credebt Exchange selects the highest Equivalent Rating and presents it using the Credebt Exchange® Equivalent Ratings table shown above. The following example demonstrates how the Credebt Exchange® Equivalent Rating is generated:

Ratings Trade Credebt
Ratings Trade Credebt
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