speculative grade definition

speculative grade

Debt security that is given 'sub-investment' rating by bond rating agencies, equating to a rating of 'BB' (as rated by Standard & Poor) or 'Ba' (as rated by Moody's) or lower. Also called speculative security, speculative grade bonds are considered unsuitable for investment by fiduciary organizations.

speculative grade is in the Banking, Commerce & Finance, Investing and Securities & Futures Trading subjects.

speculative grade appears in the definition of the following term: bond ratings

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