Rating
A judgment by a rating agency as to the credit quality of a bond.
bond-basics
Non-Investment Grade Bonds
High-risk debt Securities with low Ratings, if any.
See Also
Start with the Bond Basics
Hundreds of Terms and Concepts
Preliminary Official Statement (“POS”)
The type of offering document circulated prior to the determination of the interest rates and certain other terms of the bonds when it is anticipated or known the bonds will be purchased by an underwriter and resold to the public.