double-B

Three of those were rated Ba, Moody's parlance for double-B, which carries a 0.77% one-year default rate.

Raters Fail to See Defaults Coming 2011

That mismatch creates a gap in the ratings system when it comes to high-yield sovereigns rated double-B and below, which comprise 39% and 28%, respectively, of the countries analyzed by Moody's and S&P.

Raters Fail to See Defaults Coming 2011

Terms: Maturity: Oct. 6, 2017; coupon: 10.75%; price: par; yield: 10.75%; ratings: Ba3 (Moody's), double-B (S & P).

New Securities Issues 2010

S&P, which had a double-B, or speculative-grade, corporate rating on Nine Dragons, also withdrew its weaker double-B-minus issue rating on Nine Dragons' outstanding senior unsecured notes.

Nine Dragons Shares Hit as S&P Pulls Rating Fiona Law 2011

Currently, it is rated Ba1 by Moody's Investors Service and double-B by Standard & Poor's.

Renault Sells Stake in Volvo for David Pearson 2010

"Investors find the gap between double-B [high yield] and triple-B [investment grade] at attractive levels as it has widened over the course of the summer," said Brad Rogoff , head of U.S. credit strategy at Barclays Capital in New York.

Investors Mine 'Junk' for Rising Stars Prabha Natarajan 2011

For experienced bond buyers who don't mind risk, the sweet spot of the market might be debt rated double-B.

Those Safe Havens You've Been Flocking to Aren't So Safe Jack Hough 2011

S&P, which had a double-B, or speculative-grade, corporate rating on Nine Dragons, also withdrew its weaker double-B-minus issue rating on Nine Dragons' outstanding senior unsecured notes.

Nine Dragons Shares Hit as S&P Pulls Rating Fiona Law 2011

Spreads between double-B bonds and high-grade corporates are 2.5 times normal levels, Mr. Swanson says.

Those Safe Havens You've Been Flocking to Aren't So Safe Jack Hough 2011

Out of developers rated double-B or higher, China Resources Land Ltd., Evergrande Real Estate Group Ltd. and Shimao Property Holdings Ltd. would be most sensitive to declines in sales, it said.

S&P Forecasts Strain for China Property Developers Natasha Brereton-Fukui 2011