CCC

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CCC

1. 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 CAA rating used by Moody's. A CCC rating represents an extremely high risk bond or investment; banks are not allowed to invest in CCC rated bonds. CCC bonds are junk bonds.

2. Cash conversion cycle. The time between an expenditure of money to make a product and the collection of accounts receivable from the sale of that product. Obviously, a shorter cash conversion cycle is preferable. A longer cash conversion cycle may indicate a current or potential problem with cash flow.

CCC

A very speculative grade assigned to a debt obligation by a rating agency. Such a rating indicates default or considerable doubt that interest will be paid or principal repaid. Also called Caa.
References in periodicals archive ?
M2 EQUITYBITES-July 14, 2011--Greece gets CCC rating from Fitch(C)2011 M2 COMMUNICATIONS http://www.m2.com
BANKING AND CREDIT NEWS-July 14, 2011--Greece gets CCC rating from Fitch(C)2011 M2 COMMUNICATIONS http://www.m2.com
The CCC rating reflects the bank's need to raise further equity capital to meet the EUR2.2bn target set by the Irish financial regulator, as well as the possibility for an increase in the capital requirement, the service said.
The CCC rating on the USD400m (EUR306m) senior unsecured notes due 2014 and USD125m convertible bonds due 2012, issued by subsidiary BLT Finance BV, and guaranteed by the shipping company, also remained on "negative" watch.