Asked by Kajal Verma on Apr 26, 2024
Verified
Elaborate on what does a BB credit rating signifies
BB Credit Rating
Indicates a credit rating assigned by rating agencies to a borrower that signifies higher risk and lower credit quality compared to an investment-grade rating.
- Comprehend and articulate the significance of various credit ratings.
Verified Answer
DQ
Devin QuickMay 03, 2024
Final Answer :
BB signifies speculative, non-investment-grade credit quality. The capacity for the payment of financial obligations is uncertain. Vulnerable to future events.
Learning Objectives
- Comprehend and articulate the significance of various credit ratings.