Caa2

Definition:

A rating within speculative grade Moody's Long-term Corporate Obligation Rating. Obligations rated Caa2 are judged to be of poor standing and are subject to very high credit risk. Rating one notch higher is Caa1. Rating one notch lower is Caa3

Nearby Terms

CA Caa1 Caa2 Caa3 Cabinet crowd

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

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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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