Sep 272020
 

Bonds rated below ‘investment grade’ i.e. below BBB- for Standard and Poor’s and below Baa3 for Moody’s. Also known as speculative grade bonds, non investment grade bonds or (infamously) junk bonds. Unrated securities can also be classified as high yield if they trade at a wider spread than other corporates and at a level which is more comparable with other high yield bonds

Another great day at work and I am feeling satisfied – even a little elated! Tomorrow I’ll write some more on financial terms. Please come back every day and learn something new.

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