Company: CHY
Filing Date: 2025-02-21
Form Type: N-2ASR
Source: 0001104659-25-016081
Chunk: 343

Company: CALAMOS CONVERTIBLE & HIGH INCOME FUND
Filing Date: 2025-02-21
Form: N-2ASR
Chunk 343
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 withdrawn as a result of changes in or unavailability of such information, or for other reasons. The following is a description of the characteristics of ratings used by Moody’s Investors Service (“Moody’s”) and Standard & Poor’s Corporation, a division of The McGraw-Hill Companies (“S&P”). Moody’s Global Short-Term Rating Scale P-1:Ratings of Prime-1 reflect a superior ability to repay short-term obligations. P-2:Ratings of Prime-2 reflect a strong ability to repay short-term obligations. P-3:Ratings of Prime-3 reflect an acceptable ability to repay short-term obligations. NP:Issuers (or supporting institutions) rated Not Prime do not fall within any of the Prime rating categories. Moody’s Global Long-Term Rating Scale Aaa:Obligations rated Aaa are judged to be of the highest quality, subject to the lowest level of credit risk. Aa:Obligations rated Aa are judged to be of high quality and are subject to very low credit risk. A:Obligations rated A are judged to be upper-medium grade and are subject to low credit risk. Baa:Obligations rated Baa are judged to be medium-grade and subject to moderate credit risk and as such may possess certain speculative characteristics. Ba:Obligations rated Ba are judged to be speculative and are subject to substantial credit risk. B:Obligations rated B are considered speculative and are subject to high credit risk. Caa:Obligations rated Caa are judged to be speculative of poor standing and are subject to very high credit risk. Ca :Obligations rated Ca are highly speculative and are likely in, or very near, default, with some prospect of recovery of principal and interest. C:Obligations rated C are the lowest rated and are typically in default, with little prospect for recovery of principal or interest. Note:Moody’s appends numerical modifiers 1, 2, and 3 to each generic rating classification from Aa through Caa. The modifier 1 indicates that the obligation ranks in the higher end of its generic rating category; the modifier 2 indicates a mid-range ranking; and the modifier 3 indicates a ranking in the lower end of that generic rating category. Additionally, a “(hyb)” indicator is appended to all ratings of hybrid securities issued by banks, insurers, finance companies, and securities firms.* * By their terms, hybrid securities allow for the omission