Bonds that were investment grade (AAA, for example) at the time of issue, but have thereafter lost their top rating...

The process of raising funds by issuing unsecured low-grade, high-yield securities  (junk notes, junk bonds, etc.). This is usual at…

A bond that is rated below investment grade (a rating of BB or lower) due to its bad credit quality....

A bond that is rated below investment grade (a rating of BB or lower) due to its bad credit quality....

The process of raising funds by issuing unsecured low-grade, high-yield securities (junk notes, junk bonds, etc.). This is usual at...

A convertible that is issued by a company with low or deteriorating credit quality. In other words, the issuer of...