Speculative grade

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, or sometimes 'spec' grade.

See also

• Credit rating
• Investment grade
• Rating agencies