Baa


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Baa

A credit rating used by Moody's credit agency for long-term bonds and some other investments. It is subdivided (in descending order) into Baa1, Baa2, Baa3. A Baa rating is equivalent to the BBB rating range used by Fitch and S&P. A Baa rating represents a relatively low-risk bond or investment; banks are allowed to invest in Baa rated bonds. However, Baa is toward the bottom of investment-grade bond ratings, being only one grade above junk bond ratings. Risk-averse investors must therefore exercise caution in Baa investments, especially if the rating was recently downgraded.

Baa

See BBB.
References in periodicals archive ?
The CC's inquiry chairman Christopher Clarke said it was likely that BAA would be given the opportunity "to hold on to Heathrow".
And Mr Clarke said it was likely BAA would be given the opportunity to hold on to Heathrow.
Yesterday's results from BAA will be closely looked at by the Competition Commission in the expected inquiry into BAA's ownership of airports in the UK.
UBS Investment Bank ("UBS") is acting for BAA and no-one else in connection
BAA said the proposal represented an attractive price for the company, who own seven sites including Heathrow, Gatwick, Edinburgh, Glasgow and Aberdeen.
The fact that BAA is already regulated indicates that the Government recognises its dominant position.
Those interested in more information about the outreach event on June 16, 2010 may call BAA Boston at 617-567-8881 or e-mail v_valley@baausa.
BAA also runs Heathrow, Southampton and Aberdeen airports.
The title BAA plc was adopted when the former publically-owned British Airports Authority was privatised in 1986.
The BAA decision ends a process which began as far back as March 2007 when the Office of Fair Trading referred BAA airport services to the CC.
After that latest loss, BAA said it would appeal to the Supreme Court but yesterday the Spanish-owned company signalled an end to its fight to hang on to Stansted.
Ryanair welcomes today s rejection by the Court of Appeal of the BAA s 7th appeal against the sale of Stansted, as first recommended by the UK Competition Commission back in 2008, over four years ago.