AA

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AA

The second-highest bond rating by S&P and Fitch. AA is subdivided (in decreasing order) into AA+, AA, and AA-. Bonds with AA ratings are investment-grade, meaning that banks are allowed to hold them. AA bonds are low-risk and low-return. The rating is equivalent to an Aa rating by Moody's.

AA

A grade assigned to a debt obligation by a rating agency to indicate a very strong capacity to pay interest and repay principal. Such a rating indicates only slightly lower quality than the top rating of AAA. Also called Aa.
References in periodicals archive ?
12) Lastly, the AA should have a number of departments on direct report and should be responsible for their overall operation.
With clear administrative support and persistent encouragement, the AA will often reach beyond pre-conceived limitations to become a truly competent partner to the administrator.
If the AA is simply a figurehead, with little or no authority, the dreaded VPS (remember Vice Presidential Syndrome?