// definition
Investment grade
Credit rating category
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Short definition
A category of issuer or debt ratings associated with relatively low assessed default risk. In the scale illustrated by the SEC, it starts at BBB−. Symbols vary by agency. A rating can change and guarantees neither repayment nor resale value. It does not reveal the threshold specified in a particular contract.
risk atlas
Knowledge map
Intuition
The rating assesses credit risk; the contract determines the consequences attached to it.
Primary sources
- SEC, Investor.govCredit rating scales, scope and limitations.