BBB-

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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--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 assigned Turkiye Vakiflar Bankasi T.A.O.'s (Vakifbank: BBB-/Stable) USD3bn global medium term note (GMTN) programme a senior unsecured rating of 'BBB-'.
Turkey : Fitch Rates Vakifbank's GMTN Programme 'BBB-'
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)

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