Aa3

Definition:

The fourth highest rating in Moody's Long-term Corporate Obligation Rating. Obligations rated Aa3 are judged to be of high quality and are subject to very low credit risk. Rating one notch higher is Aa2. Rating one notch lower is A1

Nearby Terms

Aa1 Aa2 Aa3 Aaa AAA+ Bank

Investing Essentials


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

Term of the Day

Funding

Used to describe the refinancing of a debt prior to its maturity (the same as refunding). In corporate finance refers to the floating of bonds to raise finance and levels of capital. See also:... Read More

Subscribe to the Term of the Day via email Get the Term of the Day in your inbox!


Create your free portfolio