Speculative: Difference between revisions
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''Credit ratings'' | 1. ''Credit ratings'' | ||
A rating attributed to a security that is deemed speculative (less certain in respect of the preservation of the capital invested) in the opinion of a credit rating agency such as Fitch Ratings, Moody’s or Standard and Poor’s. | A rating attributed to a security that is deemed speculative (less certain in respect of the preservation of the capital invested) in the opinion of a credit rating agency such as Fitch Ratings, Moody’s or Standard and Poor’s. | ||
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Also known as 'non-investment' grade. | Also known as 'non-investment' grade. | ||
2. | |||
A transaction, investment or position taken in the hope or expectation of a gain following a favourable change in market prices. | |||
Contrasted with a hedging or arbitrage transaction. | |||
== See also == | == See also == | ||
* [[Arbitrage]] | |||
* [[Credit rating]] | * [[Credit rating]] | ||
* [[Hedging]] | |||
* [[Investment grade]] | * [[Investment grade]] | ||
* [[Rating agencies]] | * [[Rating agencies]] | ||
* [[Speculative motive]] | |||
Revision as of 20:23, 11 December 2016
1. Credit ratings
A rating attributed to a security that is deemed speculative (less certain in respect of the preservation of the capital invested) in the opinion of a credit rating agency such as Fitch Ratings, Moody’s or Standard and Poor’s.
Speculative grade represents credit ratings which are weaker than investment grade.
Also known as 'non-investment' grade.
2.
A transaction, investment or position taken in the hope or expectation of a gain following a favourable change in market prices.
Contrasted with a hedging or arbitrage transaction.
