Moody's Investment Grade

(redirected from Mig 1)

Moody's investment grade

A rating of one through four assigned by Moody's Investors Service to bonds.

Moody's Investment Grade

1. A ratings system used by Moody's to gauge the risk of municipal bonds and the creditworthiness of their issuers. The ratings are number one through four, with a one (MIG 1) representing the highest quality and a four (MIG 4) representing the lowest quality.

2. In other bonds, a rating higher than Baa, indicating that the issue is sufficiently low risk as to allow banks to invest in them. See: Investment-grade.

Moody's Investment Grade (MIG)

A rating system used by Moody's Investors Service for municipal notes. The rating system classifies notes into four grades: MIG 1, best quality; MIG 2, high quality; MIG 3, favorable quality; and MIG 4, adequate quality.
Mentioned in ?
References in periodicals archive ?
13, substantial borrowable resources, including proceeds from other series of notes not due until later in the fiscal year, insulate note holders from potential weakening in revenue collections and result in the assignment of a MIG 1 rating.