fallen angel


Also found in: Acronyms, Idioms, Wikipedia.

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.

fallen angel

A once-popular security that has lost investor favor and has declined in value. For example, a high-growth company may hit a period of heavy competition or saturated markets such that its stock declines in price and becomes a fallen angel.

Fallen angel.

Corporate or municipal bonds that were investment-grade when they were issued but have been downgraded are called fallen angels. Bonds are downgraded by a rating service, such as Moody's Investors Service or Standard & Poor's (S&P).

Down-grading may occur if the issuer's financial situation weakens, or if the rating service anticipates financial problems that could lead to default.

The term fallen angel is sometimes used more generically, to refer to stocks or other securities that are out of favor with investors.

Mentioned in ?
References in periodicals archive ?
Fallen angel downgrades that resulted from leveraged acquisitions or more aggressive financial policies were more likely to occur during periods of benign credit conditions, says Moody's.
The (https://www.youtube.com/watch?v=ZQPAUTOOJr4) promo of next week's "Supernatural" episode teases the return of witch Rowena (Ruth Connell) and gives a glimpse into the fallen angel's newest vessel.
global fallen angel rate will rise to 0.7% in the final quarter of 2012.
Fallen Angel dug beneath the legend, rounding up every friend, acquaintance and family member still alive for a definitive view.
Fallen Angel will air this Thursday on Channel 4 at 9pm, and on S4C an hour later.
Hence, Cas and Crowley will join forces in defeating the fallen angel.
FALLEN angel Charlotte Church has lost the last of her teenage innocence with these sexy shots.
In Channel 4's Fallen Angel: The Real Charlotte Church, Steven, 19, says he plans a warts-and-all book about the young star and blames her mum Maria for their relationship not working.
In Fallen Angel: The Real Charlotte Church, which will be screened on Thursday, just two days before Charlotte turns 18, Maria is criticised for:
Nina Dobrev might be a bit old for the role as Nora Grey is said to be a sixteen-year-old girl who would meet sixteen-year-old fallen angel, Patch Cipriano.