bond rating
A rating system used by investment research firms such as Fitch ratings, Moody's Investors Service, and Standard and Poor's to reflect an opinion on the creditworthiness of a company issuing a debt instrument. Each rating service has developed its own variation on a letter-based designation system, but in general they follow a similar pattern in which AAA denotes the least risk of default on the debt and A Rating of C or lower denotes the highest. See Investment Grade; junk bond.
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Fitch Investors Service
fallen angel
Fitch ratings
default risk
American Municipal Bond Assurance Corporation (AMBAC)
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