SGL-1

SGL-1

A rating of the risk, published by Moody's, that a company will not be able to meet its short-term liabilities due to illiquidity. An SGL-1 rating is the most liquid rating. This indicates a company very likely has cash on hand to pay immediate obligations. See also: SGL.
References in periodicals archive ?
The SGL-1 Rating Assesses the Company's Ability to Service Debt and
Moody's awarded Fairchild the top level SGL-1 (Speculative Grade Liquidity) rating last week, and at the same time, Moody's confirmed the Company's Ba3 senior implied rating.
Moody's cited Fairchild's large existing $613 million cash balance (as of June 30, 2002), its $300 million senior credit facility which remains undrawn, and their expectation that Fairchild's operations will be cash neutral or slightly positive over the next twelve months as three of the leading reasons for awarding the SGL-1 designation.