Glossary of Stock Market Terms
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
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