junk bond
- n a (speculative) bond with a credit rating of BB or lower; issued for leveraged buyouts and other takeovers by companies with questionable credit
junk bond :
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News & Articles
- Choctaw resort rating improves
Moody's Investors Service, which two years ago downgraded $200 million in securities borrowed by the Choctaw Resort Development Enterprise to junk bond status, has changed the resort's ratings outlook from stable to positive.
June 15, 2013 - The Clarion-Ledger - Bulls charge back into junk-bond fund
Yesterday's market rally sent investors scrambling for exposure to junk bonds, which had fallen all the way back to levels last seen in November. optionMONSTER's Heat Seeker monitoring system detected ...
June 14, 2013 - optionMONSTER via Yahoo! Finance - Junk Bonds Set to Strain Apollo After U.S. Deal: Corporate India
Apollo Tyres Ltd. (APTY) , which lost a quarter of its market value yesterday after announcing the biggest takeover by an Indian company in the U.S., will sell junk bonds to fund the $2.5 billion purchase, prompting analysts to warn the debt will strain the tiremaker’s finances.
June 13, 2013 - Bloomberg