A rating within speculative grade Moody's Long-term Corporate Obligation Rating. Obligations rated B3 are considered speculative and are subject to high credit risk. Rating one notch higher is B2. Rating one notch lower is Caa1

Nearby Terms

B2 B2B B3 BA Ba1

Investing Essentials

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

Term of the Day

High-premium convertible debenture

A bond with a long-term, high-premium, common stock conversion feature. It also offers a competitive interest rate. This type of investment vehicle is aimed at bond investors who want to be able to... Read More

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