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The highest bond rating by S&P and Fitch. A rating of AAA is considered to carry virtually no risk; U.S. Treasury securities, for example, always receive the AAA rating. A bond with an AA is investment-grade, meaning that banks are allowed to hold them. AA bonds are low risk and low return. The rating is equivalent of an Aaa rating by Moody's.
Farlex Financial Dictionary. © 2012 Farlex, Inc. All Rights Reserved
The highest grade assigned to a debt obligation by a rating agency. It indicates an unusually strong capacity to pay interest and repay principal. Also called triple A.
Wall Street Words: An A to Z Guide to Investment Terms for Today's Investor by David L. Scott. Copyright © 2003 by Houghton Mifflin Company. Published by Houghton Mifflin Company. All rights reserved. All rights reserved.