Select Committee on Treasury Written Evidence

Annex 1

SUMMARY OF MOODY'S GLOBAL PUBLIC RATINGS BY RATING CATEGORY AND BY SECTOR

RATINGS AS AT 01/01/07

		Sovereign & Subsovereign		Corporates		Financial Institutions
Issuer level		Amount	%	Amount	%	Amount	%
Count	Aaa	58	26	40	1	89	4
	Other investment grade	119	53	1,540	44	2,015	88
	Speculative grade	46	21	1,919	55	188	8
	Total	223	100	3,499	100	2,292	100
	Aaa	7,496,513	41	134,111	3	3,995,976	37
Original	Other investment grade	9,934,707	55	3,222,974	63	6,434,874	60
Face Value*	Speculative grade	719,772	4	1,724,502	34	294,376	3
	Total	18,150,991	100	5,081,587	100	10,725,226	100
		Corporates		Financial Institutions		Structured finance
Security level		Amount	%	Amount	%	Amount	%
Count	Aaa	1,067	5	44,492	48	46,276	51
	Other investment grade	12,863	66	45,243	49	37,461	41
	Speculative grade	5,602	29	2,517	3	7,297	8
	Total	19,532	100	92,252	100	91,034	100
	Aaa	185,586	4	4,897,983	46	8,084,619	85
Original	Other investment grade	3,238,946	64	5,565,493	52	1,307,901	14
Face Value*	Speculative grade	1,657,055	33	261,749	2	134,118	1
	Total	5,081,587	100	10,725,226	100	9,526,638	100
* Original Face Value of Long-Term Bonds & Loans Outstanding (USD Mil). For structured finance securities, original face value overstates, by perhaps 60%, the total amount outstanding due to amortization and prepayments of principal.

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Prepared 1 February 2008