Ba3
Definition
The third highest rating of speculative grade Moody's Long-term Corporate Obligation Rating. Obligations rated Ba1 are judged to have speculative elements and are subject to substantial credit risk. Rating one notch higher is Ba2. Rating one notch lower is B1
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Copyright © 2011 Campbell R. Harvey, Professor of Finance, Fuqua School of Business at Duke University
Term of the Day
Managing underwriter
The leading firm in an underwriting group, which originates the deal and acts as an agent for the group.
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