Investment Grade
A bond judged likely enough to meet payment obligations that banks are allowed to invest in it.
Ratings by Moody's and Standard & Poor's are given below:
| | Moody's | S & P |
| Investment Grade Ratings | Aaa
Aa
A
Baa | AAA
AA
A
BBB |
Below Investment Grade
("Junk Bond") | Ba
B
Caa
Ca
C | BB
B
CCC
CC
C |
| In Default | | D |
|
|
