Business and Personal Finance Dictionary

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• INVESTMENT GRADE
  
  Bonds graded Baa and higher by Moody's Investors Service and Fitch Investors Service, or BBB and higher by Standard and Poor's are considered to have only minor speculative characteristics. These are considered to have a high probability of being paid and are considered "investment grade." Many fiduciaries, trustees, some mutual fund managers can only invest in securities with an investment grade rating.
  
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