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" BB' is less vulnerable to nonpayment than other speculative issues. However, it faces major ongoing uncertainties or exposure to adverse business, financial, or economic conditions which could lead to the obligor's inadequate capacity to meet its financial... "
Financial Markets: Issuers, Purchasers, and Purposes of High Yield, Non ... - Page 14
by United States. General Accounting Office - 1988 - 38 pages
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International Capital Markets: Developments, Prospects, and Key Policy ...

International Monetary Fund - Business & Economics - 1999 - 226 pages
...in the near term than other lower-rated obligors. However, it faces major ongoing uncertainties and exposure to adverse business, financial, or economic conditions which could lead to the obligor's inadequate capacity to meet its financial commitments. В An obligor rated В is more...
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Oversight Hearings on the Condition of the Bank Insurance Fund: Hearings ...

United States. Congress. Senate. Committee on Banking, Housing, and Urban Affairs - Bank insurance - 1991 - 256 pages
...charactenstics. these are outweighed by large uncertanties or maior exposures to adverse conditions BB Debt rated BB' has less near-term vulnerability...conditions which could lead to inadequate capacity (o meet timely interest and principal payments The 'BB1 rating category is also used for debt subordinated...
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To Examine the Current Condition of the U.S. Banking Industry and ...

United States. Congress. House. Committee on Banking, Finance, and Urban Affairs - Business & Economics - 1993 - 538 pages
...characteristics, these are outweighed by large uncertainties or major exposures to adverse conditions. BB Debt rated 'BB' has less near-term vulnerability...capacity to meet timely interest and principal payments. The 'BB' rating category is also used for debt subordinated to senior debt that is assigned an actual...
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To Examine the Current Condition of the U.S. Banking Industry and ...

United States. Congress. House. Committee on Banking, Finance, and Urban Affairs - Business & Economics - 1993 - 542 pages
...conditions BB Debt rated 'BB' has less near-term vulnerability to default than other speculative imues. However, it faces major ongoing uncertainties or exposure...capacity to meet timely interest and principal payments The 'BB' rating category is also used for debt subordinated to senior debt that is assigned an actual...
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Corporate Bonds: Structure and Analysis

Richard C. Wilson, Frank J. Fabozzi - Business & Economics - 1995 - 414 pages
...both good and bad times over the future. Uncertainty of position characterizes bonds in this class. BB Debt rated BB has less near-term vulnerability...capacity to meet timely interest and principal payments. The BB rating category is also used for debt subordinated to senior debt that is assigned an actual...
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Getting Started in Security Analysis

Peter J. Klein - Business & Economics - 1998 - 308 pages
...characteristics, these are outweighed by large uncertainties or major risk exposures to adverse conditions. BB Debt rated "BB" has less near-term vulnerability...capacity to meet timely interest and principal payments. The "BB" rating category is also used for debt subordinated to senior debt that is assigned an actual...
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The Outlook for the District of Columbia Government: The Post-Control Board ...

United States. Congress. House. Committee on Government Reform. Subcommittee on the District of Columbia - Business & Economics - 2001 - 216 pages
...major exposures to adverse conditions. BB An obligation rated 'BB' is less vulnerable to nonpayment than other speculative issues. However, it faces major...financial, or economic conditions which could lead to the obligor's inadequate capacity to meet its financial commitment on the obligation. B An obligation...
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Financial Statement Analysis: A Practitioner's Guide

Martin S. Fridson, Fernando Alvarez - Business & Economics - 2002 - 414 pages
...major exposures to adverse conditions. BB An obligation rated "BB" is less vulnerable to nonpayment than other speculative issues. However, it faces major...financial, or economic conditions which could lead to the obligor's inadequate capacity to meet its financial commitment on the obligation. B An obligation...
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Credit Risk Pricing Models: Theory and Practice

Bernd Schmid - Business & Economics - 2004 - 410 pages
...in the near term than other lowerrated obligors. However, it faces major ongoing uncertainties and exposure to adverse business, financial, or economic conditions which could lead to the obligor's inadequate capacity to meet its financial commitments. An obligor rated 'B' is more vulnerable...
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The Essentials of Risk Management: The Definitive Guide for the Non-risk ...

Michel Crouhy, Dan Galai, Robert Mark - Business & Economics - 2005 - 432 pages
...financial commitment on the obligation. BB An obligation rated BB is less vulnerable to nonpayment than other speculative issues. However, it faces major...financial, or economic conditions which could lead to the obligor's inadequate capacity to meet its financial commitment on the obligation. B An obligation...
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