Nonrated


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Nonrated

A bond that has not been rated by a large rating agency, usually because the issue is too small.

Nonrated Bonds

Bonds with issuers that have not received a credit rating from one or more of the major credit rating agencies. A bond may be nonrated for a number of reasons, including simply not wishing to pay the fee to the credit rating agency. A nonrated bond is not necessarily risky, but they cannot be investment-grade.
References in periodicals archive ?
The last class of nonrated Reservists graduated from AMS Sept.
The first combined class of rated and nonrated Air Force Reserve officer candidates at Maxwell AFB started Oct.
On average, about 85% of the firms are classified as nonrated firms and 15% as rated firms over the sample period.
Average coverage ratio is higher for nonrated firms that are a priori financially constrained, as are the rates of investment, cash flow, and sales growth.
In contrast, we found that during subsequent periods there was little relationship between cash holdings and inventory movements for the nonrated companies.
Nonrated officers would have more motivation to fly a combat UAV than the MWS pilots the Air Force currently uses.