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.
Copyright © 2012, Campbell R. Harvey. All Rights Reserved.

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.
Farlex Financial Dictionary. © 2012 Farlex, Inc. All Rights Reserved
Mentioned in ?