Ba1/BB+

Definition

A relatively low investment rating assigned to a security. Rating agencies base their ratings on a firm's creditworthiness. In other words, a rating is a measure of the likelihood of default. A security with a Ba1/BB+ rating is considered just below investment grade. The Ba1 designation is used by Moody's. The BB+ designation is used by Fitch and Standard & Poor's.
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B3/B- Ba2/BB