# The Subsidy Control (Gross Cash Amount and Gross Cash Equivalent) Regulations 2022, Schedule 1


Table
Determining a person’s level of creditworthiness
Level of creditworthiness
Credit rating
Strong
Aaa - A3 (issued by Moody’s)
AAA - A- (issued by Fitch)
AAA - A- (issued by Standard and Poor’s)
or any other credit rating that is commonly understood by credit rating agencies to denote an equivalent level of creditworthiness.
Good
Baa 1 - Baa 3 (issued by Moody’s)
BBB+ - BBB- (issued by Fitch)
BBB+ - BBB- (issued by Standard and Poor’s)
or any other credit rating that is commonly understood by credit rating agencies to denote an equivalent level of creditworthiness.
Satisfactory
Ba 1 - Ba3 (issued by Moody’s)
BB+ - BB- (issued by Fitch)
BB+ - BB- (issued by Standard and Poor’s)
or any other credit rating that is commonly understood by credit rating agencies to denote an equivalent level of creditworthiness.

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Source: https://www.legislation.gov.uk/uksi/2022/1186/schedule/1 (the official version)
Page: https://openlegislation.uk/subsidy-control-gross-cash-amount-and-gross-cash-equivalent-regulations-2022/schedule-1
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.