Angel Bond

Angel Bond

Informal; an investment-grade bond, which is a bond with a medium or high rating. Angel bonds are rated Baa3 by Moody's or BBB- by S&P or Fitch, or higher. Angel bonds are considered sufficiently low-risk that the law allows banks to invest in them. In addition to being low-risk, they provide a low return, greatly reducing the cost on the issuer. All Treasury and most municipal bonds are angel bonds.
Mentioned in ?
References in periodicals archive ?
Benchmark: Citi Time-Weighted US Fallen Angel Bond Select Index
"Fallen angel bonds, or high yield bonds originally issued with investment grade ratings, have outperformed the broad U.S.
During the wake of Vilma's longtime aide Aida Fandialan, everyone saw how Angel bonded with Ralph and Ryan Christian.