Ca

Definition:

A rating within speculative grade Moody's Long-term Corporate Obligation Rating. Obligations rated Ca are highly speculative and are likely in, or very near, default, with some prospect of recovery of principal and interest. Rating one notch higher is Caa3. Rating one notch lower is C

Nearby Terms

C&I Ca CA Caa1 Caa2

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

Term of the Day

Risk-averse

Describes an investor who, when faced with two investments with the same expected return but different risks, prefers the one with the lower risk.

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