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

Nearby Terms

Ba1 Ba2 Ba3 Baa1 Baa2

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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