The publication of this Securities Classification Bulletin repeals OCC Bulletin 2004-25, “Uniform Agreement on the Classification of Securities”. Investment-level securities are no longer defined as one of the four highest ratings, but are those considered to perform sufficiently well in the credit analyses of the acquiring institution to repay the commitment. An issuer has sufficient capacity to meet its financial obligations when the risk of default is low and the full and timely repayment of principal and interest is expected. The explanatory language of the agreement provides additional details on the investment grade standards provided in OCC Bulletin 2012-18. All questions relating to this Securities Classification Agreement should be directed to Charles Williams, Risk Specialist, Balance Sheet Management Group, at (202) 649-6294 or email@example.com. Kerri Corn, Director, Market Risk Division, at (202) 649-6398 or firstname.lastname@example.org or (202) 649-6360. The Office of the Comptroller of the Currency (OCC), the Board of Governors of the Federal Reserve System and the Federal Deposit Insurance Corporation (together the agencies) have jointly published the Uniform Agreement on the Classification and appraisal of Securities Held by Depository Institutions (agreement). . . .