Weighted Average Credit Rating

Weighted Average Credit Rating

The average credit rating of the bonds in a bond fund or a portfolio consisting entirely of bonds. This credit rating is weighted for the percentage each bond represents in the fund or portfolio. As with individual bonds, the higher a bond fund's weighted average credit rating, the less risk and the lower return it carries.
References in periodicals archive ?
The power purchase agreements in the acquired portfolio have a weighted average remaining contract life of 19 years with a weighted average credit rating of A3/A-.
The Fund's weighted average credit rating remains unchanged at B2/BBB.
The fixed maturity portfolio's weighted average credit rating was 'AA+' with an average effective duration of 2.
The portfolio's power purchase agreements have a weighted average remaining contract life of 19 years with a weighted average credit rating of A3/A-.
The fund remains relatively defensively positioned with the weighted average credit rating remaining unchanged at A3 and a modified duration of 3.
At year-end 2008 the company's invested assets totaled $10 billion, 94% of which were fixed income or short-term investments, and the fixed income portfolio's weighted average credit rating was 'AA+'.
At year-end 2008 Montpelier's cash equivalents and fixed income portfolio had a weighted average credit rating of 'AA+' with an average duration of 1.
At year-end 2008 PartnerRe's fixed income had a weighted average credit rating of 'AA'.
The company's portfolio is dominated by agency mortgage-backed securities, municipal and corporate bonds, and at year-end 2008 had a weighted average credit rating of 'A+'.
6 million in insured municipal bonds with a weighted average credit rating of AA/AA-.
3 basis points, a weighted average credit rating of A/Baa2, and an average remaining tenor of 3.
6 basis points, a weighted average credit rating of A/Baa1, and an average remaining tenor of 3.
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