Aa2

Definition:

The third highest rating in Moody's Long-term Corporate Obligation Rating. Obligations rated Aa2 are judged to be of high quality and are subject to very low credit risk. Rating one notch higher is Aa1. Rating one notch lower is Aa3

Nearby Terms

A3 Aa1 Aa2 Aa3 Aaa

Investing Essentials


Copyright © 2011 Campbell R. Harvey, Professor of Finance, Fuqua School of Business at Duke University

Term of the Day

Currency hedge

Applies mainly to international equities. Hedging technique to guard against foreign exchange fluctuations (i.e., short Euro l00 mm when holding a long position of Euro l00 mm in stocks).

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