{"iri":"https://folio.openlegalstandard.org/R8uMT43qzzp1HYiNimvQ0dC","label":"Speculative Grade","sub_class_of":["https://folio.openlegalstandard.org/RjVgVOLkDyEKic8xZS06iB"],"parent_class_of":[],"is_defined_by":null,"see_also":[],"comment":null,"deprecated":false,"preferred_label":"Junk Bond","alternative_labels":["High-Risk Bond","High-Yield Debt","Junk Grade","Non-Investment Grade"],"translations":{},"hidden_label":null,"definition":"Speculative Grade refers to a category of credit rating that indicates a higher risk of default, making the debt securities less suitable for conservative investors. These ratings are assigned by credit rating agencies and generally include ratings below BBB on the Standard & Poor's and Fitch scales, and below Baa3 on the Moody's scale.","examples":["B Rating","BB Rating","C Rating","CC Rating","CCC Rating","D Rating"],"notes":[],"history_note":null,"editorial_note":null,"in_scheme":null,"identifier":null,"description":null,"source":null,"country":null}