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Glossary > F > "Fallen angel" Definition

Fallen angel

A bond which was issued at a rating of AAA to BBB (investment grade) which has since fallen in rating to BB or below.

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Fallen angel - A bond which was issued at a rating of AAA to BBB (investment grade) which has since fallen in rating to BB or below.

Fallen angel : a bond which was issued at a rating of aaa to bbb (investment grade) which has since fallen in rating to bb or below.