Junk Bonds
A bond is a fixed Income instrument which can be presumed as an I.O.U, between lender and borrower. Bond ratings are based on the capability of the borrower to pay back. Divided into Investment and Non-investment grade bonds, They are authorized by Credit Rating Agencies. #JunkBonds are termed as non-investment grades, as they carry a higher risk of default rating. Investment grade bonds have a lower degree of risk. Refer to the table, ratings below Ba1 and BB+ are junk bond ratings. Meaning mo
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