1
The offering achieved the lowest coupon in 10 years for a company rated below investment grade.
2
High-yield bonds are rated below investment grade.
3
PennantPark plans to invest in floating rate loans made to private companies whose debt is rated below investment grade.
4
Investors are demanding hefty premiums to purchase new debt, particularly those rated below investment-grade, or the so-called "junk" ratings.
5
Less than 1 percent of total investment securities were rated below investment grade at March 31.
6
Rated below investment-grade, the Chicago Board of Education is likely to attract a new class of investors not typical to the municipal bond market.