Fallen angels
(redirected from Fallen angel (disambiguation))Also found in: Wikipedia.
Fallen angels
Bonds that at the time of issue were considered investment grade but that have dropped below that rating over time.
Fallen Angel
1. A junk bond that was once investment-grade.
2. A stock that has fallen steeply in price from its previous high.
In both cases, fallen angels may be undervalued, value investments or bad investments nearing bankruptcy. This makes investing in a fallen angel very risky but it has the possibility of a high return.
2. A stock that has fallen steeply in price from its previous high.
In both cases, fallen angels may be undervalued, value investments or bad investments nearing bankruptcy. This makes investing in a fallen angel very risky but it has the possibility of a high return.