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Investment grade
The broad credit designation given bonds which have high probability of being paid and minor speculative features. Moody's- BAA3 or higher; S&P- BBB- or higher.
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- Part of Speech: noun
- Synonym(s):
- Blossary:
- Industry/Domain: Financial services
- Category: Funds
- Company: Merrill Lynch
- Product:
- Acronym-Abbreviation:
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