Baa(redirected from baas)
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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.