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 ?
The Civilian Conservation Corps: In March 1933, within weeks of his inauguration, President Franklin Roosevelt sent legislation to Congress aimed at providing relief for the one out of every four American workers who were unemployed.
Congress established many new agencies, including the Civilian Conservation Corps, National Youth Administration, Public Works Administration, and Work Projects Administration, which hired people to perform useful tasks.
He enrolled at Luther College in his hometown in 1934, left college in 1936 and joined the Civilian Conservation Corps in April 1938.
In what Oahu Group chair Howard Wiig calls a "potent and unusual alliance," the Hawaii Chapter and a local hotel employees' union teamed up to fashion a "green deal for Hawaii's economic recovery." The coalition proposed to create jobs and improve the environment with an updated version of the Depression-era Civilian Conservation Corps. Last November their proposal convinced the entire state legislature and the governor to create an emergency environmental workforce of some 450 laid-off hotel workers.
Born in Battle Ground, Indiana; graduated from DePauw University (1926); attended basic school in Philadelphia with temporary duty assignments both at home and in Tientsin (1926-28); served at Quantico, Pensacola, and San Diego (1928-29); assigned to USS Maryland (1929-31); company officer, San Diego and Puget Sound (1931-33); temporary duty with Civilian Conservation Corps in Idaho and New Jersey (1933-34); served with 4th Marines in Shanghai and at American legation in Beijing (1934-36); student and then instructor with junior officer course at Quantico (1937-40); 6th Marines.
One of Roosevelt's New Deal programs, the Civilian Conservation Corps (CCC), placed young men in barracks and military-styled organizations to work in national forests and other outdoor projects.
Older teens were helped by the Civilian Conservation Corps, which gave $30-a-month public-works jobs to men aged 18 to 25.
MCSC identifies community needs and tackles them head-on, in the spirit of the 1930's Civilian Conservation Corps (CCC).
Her project, modeled after the New Deal-era Civilian Conservation Corps (which put vast armies of young Americans to work on environmental projects), would organize high school and college students around the country in a voluntary workforce to protect the nation's natural resources; at the same time, students would be encouraged to consider careers in conservations.
(His example is a Depression-era make-work program, the Civilian Conservation Corps, presented with scant evidence of net benefit.) This is the familiar central-planning fantasy, and everything the book says on the matter has already been well answered by Hayek.
"Of the 15 major pieces of legislation passed during the first Hundred Days [in 1933], only two originated with him": the Economy Act, which gave him the power to slash veterans' pensions and government workers' salaries, and the Civilian Conservation Corps. Congress took the "leading role" in the New Deal, Maney contends, "although it never received the star billing that it deserved."

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