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Rating key

How each number in the outlook is worked out, read from the rating model when the page loads.

Section 4 of 10 · Reading the number

What the number turns into

One computation produces the outlook and the word, so they cannot disagree.

Grade

60+

The money, the market and the fall-back all point the same way.

Marginal

40–59

Works on paper; something is thin. Read the breakdown before you send it.

Keep raw

< 40

Grading does not pay for itself at the grade you named.

Above all three: a card that loses money by being graded is KEEP RAW at any outlook.