Junk Bond |
Specifically bonds with rating of BB or less. Generally high risk, high yield bonds |
REMARKS | The two major credit rating services rate bonds as to their credit worthiness. Bonds that are rated at or above "Baa" by Moody, or "BBB" by S&P are said to be investment grade bonds. Bonds rated lower than these ratings are said to be high yield (junk) bonds. |
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