# Speculative Grade

**IRI:** https://folio.openlegalstandard.org/R8uMT43qzzp1HYiNimvQ0dC

## Labels

**Preferred Label:** Junk Bond

**Alternative Labels:**

- High-Risk Bond
- High-Yield Debt
- Junk Grade
- Non-Investment Grade

## 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

## Sub Class Of

- https://folio.openlegalstandard.org/RjVgVOLkDyEKic8xZS06iB

**Deprecated:** False