not rated

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Not rated

A rating service indicator, neither positive nor negative, showing that a security or company has not been rated.

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.

not rated (NR)

Of or relating to an issue of fixed-income securities that has not been rated by an agency such as Moody's or Standard & Poor's. The fact that an issue is not rated does not necessarily mean the securities are risky. Also called nonrated bonds.
References in periodicals archive ?
TIG Insurance Company of New York Not Rated 'A' (Single-A)
The classes M-B-1 through M-B-6 certificates are not rated by Fitch.
Rake Classes L-1-RC, L-2-RC, M-1-RC, and M-2-RC were not rated by Fitch, and have paid in full.
The $4 million class A-3, and interest-only class XS certificates were exchanged for Federal National Mortgage Association (FNMA) guaranteed REMIC pass-through certificates and are not rated by Fitch.