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A definition - business

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An upper-medium grade assigned to a debt obligation by a rating agency to indicate a strong capacity to pay interest and repay principal. This capacity is susceptible to impairment in the event of adverse developments.

The American Heritage® Dictionary of Business Terms Copyright © 2009 by Houghton Mifflin Harcourt Publishing Company. Published by Houghton Mifflin Harcourt Publishing Company. All rights reserved.

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