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Yes. Most rating agencies use the same rating scale across different types of companies. The rating scale is designed to provide a common language for comparing creditworthiness, regardless of the type of entity or assets underlying the debt instrument or the structure of the financial obligation.

This means that a 'A' rated party irrespective of whether it is a bank or a government or an automobile manufacturer carries the same level of credit risk as with other entities that have been assigned the same rating.

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