BBB-

A credit rating used by the S&P and Fitch credit agencies for long-term bonds and some other investments. It is equivalent to the Baa3 rating used by Moody's. A BBB- rating represents a relatively low-risk bond or investment; banks are allowed to invest in BBB- rated bonds. However, it is the very bottom of investment-grade bond ratings, and is only one grade above a junk bond rating. Risk-averse investors must therefore exercise caution on BBB- investments, especially if the rating was recently downgraded.

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References in periodicals archive

--USD500 million 4.45% subordinated notes due 2025 to 'BBB' from 'BBB-';

Fitch Upgrades XL Following Close of Acquisition by AXA

Fitch Ratings affirmed Morocco's long-term foreign and local currency Issuer Default Ratings (IDRs) at 'BBB-' and 'BBB' respectively with stable outlooks.

Fitch affirms Morocco at 'BBB-'; outlook stable

BANKING AND CREDIT NEWS-January 15, 2015-KBRA rates Community Financial BBB, BBB-, K3

KBRA rates Community Financial BBB, BBB-, K3

M2 EQUITYBITES-January 15, 2015-KBRA rates Community Financial BBB, BBB-, K3

KBRA rates Community Financial BBB, BBB-, K3

Fitch Ratings on July 23 said it has downgraded Aruba's long-term foreign and local currency Issuer Default Ratings (IDRs) to 'BBB-' from 'BBB'.

Fitch downgrade

Fitch Ratings yesterday affirmed the Philippines' Long-Term Foreign and Local Currency Issuer Default Ratings at 'BBB-' and 'BBB' respectively.

Fitch affirms Philippine Ratings outlook

Fitch Ratings has affirmed Tunisiana SA's Long-term foreign and local currency Issuer Default Ratings (IDR) at 'BBB-' and its National Long-term rating at '(tun)'/Stable.

Tunisia: Fitch affirms Tunisiana at 'BBB-'; outlook negative

Fitch ratings has upgraded SinoPac Financial Holdings (TPE: 2890) long-term Issuer Default Rating (IDR) from 'BBB-' to 'BBB'.

-Fitch ratings upgrades SinoPac Financial Holdings of Taiwan

Senior unsecured debt is downgraded to 'BBB' from 'BBB+' and subordinated debt to 'BBB-' from 'BBB'.

Fitch revises ABC's rating

S&P Rating / Lowers rating to BBB-. This is the lowest rating that is still investment grade.

Is S&P's pedestal cracked? Critics say the esteemed rating agency should have spotted Enron's woes sooner. S&P's president says 'not so'. (Finance)