MIG

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Moody's Investment Grade

1. A ratings system used by Moody's to gauge the risk of municipal bonds and the creditworthiness of their issuers. The ratings are number one through four, with a one (MIG 1) representing the highest quality and a four (MIG 4) representing the lowest quality.

2. In other bonds, a rating higher than Baa, indicating that the issue is sufficiently low risk as to allow banks to invest in them. See: Investment-grade.
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MIG

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.