Complete the rating grid and recommend a credit rating for ABC Widgets: $\_$

Widget Maker Methodology

$\backslash$table$[[,$Weight,Current,Score,Fwd$,$Score$],[$Scale$,25\%,,,,],[$Market Share,$25\%,,,,],[$EBITDA Margin,$25\%,,,,],[$Leverage$,25\%,,,,],[$Ratin$,,,,,]]$

$\backslash$table$[[$ABC Widgets,$2022,2023,2024$E$,2025$E$],[$Revenue $($$$m$),4,500,5,000,5,500,6,050],[$EBITDA $($$m$),810,1,000,1,210,1,513],[$Total Debt $($$$m$),3,500,2,500,2,500,2,500],[$Widget Market $($$m$),10,000,10,500,11,025,11,576]]$

Market share is measured as company's revenue growth relative to the total market

$\backslash$table$[[,$Scale,Mkt Share,Margin,Leverage,$\backslash$table$[[$Rating$],[$Value$]]],[$Aaa$,>20$b$,2$x$,>50\%,<mn\; id="EditorElement\_3428909">0</mn><mn\; id="EditorElement\_3428910">.</mn><mn\; id="EditorElement\_3428911">5</mn>$x$,1],[$Aa$,>10$b$,1\mathrm{.}5$x$,>40\%,<mn\; id="EditorElement\_3428937">0</mn><mn\; id="EditorElement\_3428938">.</mn><mn\; id="EditorElement\_3428939">7</mn><mn\; id="EditorElement\_3428940">5</mn>$x$,3],[$A$,>5$b$,1\mathrm{.}25$x$,>30\%,<mn\; id="EditorElement\_3428965">1</mn><mn\; id="EditorElement\_3428966">.</mn><mn\; id="EditorElement\_3428967">5</mn>$x$,6],[$Baa$,>2$b$,1\mathrm{.}1$x$,>20\%,<mn\; id="EditorElement\_3428993">3</mn>$x$,9],[$Ba$,>1$b$,1$x$,>15\%,<mn\; id="EditorElement\_3429016">4</mn>$x$,12],[$B$,>0\mathrm{.}5$b$,0\mathrm{.}8$x$,>10\%,<mn\; id="EditorElement\_3429043">5</mn>$x$,15],[$Caa$,<mn\; id="EditorElement\_3429056">0</mn><mn\; id="EditorElement\_3429057">.</mn><mn\; id="EditorElement\_3429058">5</mn>$b$,<mn\; id="EditorElement\_3429062">0</mn><mn\; id="EditorElement\_3429063">.</mn><mn\; id="EditorElement\_3429064">8</mn>$xx$,18]]$