The second highest rating of speculative grade Moody's Long-term Corporate Obligation Rating. Obligations rated Ba2 are judged to have speculative elements and are subject to substantial credit risk. Rating one notch higher is Ba1. Rating one notch lower is Ba3

Nearby Terms

BA Ba1 Ba2 Ba3 Baa1

Investing Essentials

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

Term of the Day

Deficiency Agreement

An agreement that calls on the sponsor or another party to provide the shortfall when cash flow, working capital, or revenues are below agreed levels or are insufficient to meet debt service.

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