Debt Capital Markets · glossary
The top band of credit ratings, for borrowers likely to repay. Its lowest step is BBB-, the rating the Notes are expected to get. Many insurers and funds buy mainly investment-grade bonds, so the rating helps set the rate and shapes the change of control put. Prospectus, cover · Chapter 1 · see Put Event
Explained in Chapter 1, What a Bond Is, and Why a Company Issues One, of Debt Capital Markets.
A rating agency has said it will rate the Notes BBB-. That is the lowest step of investment grade, the top band of ratings for borrowers likely to repay. The rating helps set the interest rate, because a weaker rating would mean a higher one. The agency confirms its rating by the issue date.Read Chapter 1, What a Bond Is, and Why a Company Issues One →
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