Counterparty Rating This rating categorises the credit ratings of the counterparty in relation to the investments of the reporting party as determined by various rating agencies. Rating Grade1: Standard & Poor's AAA, Moody's Aaa, AM Best A++, Fitch AAA Rating Grade2: Standard & Poor's AA+, AA, AA-; Moody's Aa1, Aa2, Aa3; AM Best A+; Fitch AA+, AA, AA- Rating Grade3: Standard & Poor's A+, A, A-; Moody's A1, A2, A3; AM Best A, A-; Fitch A+, A, A- Rating Grade4: Standard & Poor's BBB+, BBB, BBB-; Moody's Baa1, Baa2, Baa3; AM Best B++, B+; Fitch BBB+, BBB, BBB- Rating Grade5: Standard & Poor's BB+, or below; Moody's Ba1, or below; AM Best B, or below; Fitch BB+, or below Rating Grade 1 The counterparty in relation to the reported information has a rating grade of 1. Rating Grade 1 or 2 The counterparty in relation to the reported information has a rating grade of 1 or 2. Rating Grade 2 The counterparty in relation to the reported information has a rating grade of 2. Rating Grade 3 The counterparty in relation to the reported information has a rating grade of 3. Rating Grade 4 The counterparty in relation to the reported information has a rating grade of 4. Rating Grade 4 or 5 The counterparty in relation to the reported information has a rating grade of 4 or 5. Rating Grade 4 or Unrated The counterparty in relation to the reported information has a rating grade of 4 or is unrated. Rating Grade 5 The counterparty in relation to the reported information has a rating grade of 5. Investment The counterparty in relation to the reported information has a credit rating of at least "investment grade" by an external credit assessment institution. Other Detailed in GPS 114 Unrated The counterparty in relation to the reported information is unrated. Counterparty Rating Super This rating categorises the credit ratings of the counterparty in relation to the investments of the reporting party as determined by various rating agencies. Rating Grade1: Standard & Poor's AAA, Moody's Aaa, AM Best A++, Fitch AAA Rating Grade2: Standard & Poor's AA+, AA, AA-; Moody's Aa1, Aa2, Aa3; AM Best A+; Fitch AA+, AA, AA- Rating Grade3: Standard & Poor's A+, A, A-; Moody's A1, A2, A3; AM Best A, A-; Fitch A+, A, A- Rating Grade4: Standard & Poor's BBB+, BBB, BBB-; Moody's Baa1, Baa2, Baa3; AM Best B++; Fitch BBB+, BBB, BBB- Rating Grade5: Standard & Poor's BB+, or below; Moody's Ba1, or below; AM Best B+, or below; Fitch BB+, or below