According to Investopedia, an angel bond is, "A slang term for investment-grade bonds which pay a lower interest rate, due to the higher credit rating of the issuing company. Angel bonds are the opposite of fallen angels, which are bonds that have a 'junk' rating, and are much more risky."
Sunday, February 1, 2009
Today's Fly Or Die Commerce Report: Angel Bonds
According to Investopedia, an angel bond is, "A slang term for investment-grade bonds which pay a lower interest rate, due to the higher credit rating of the issuing company. Angel bonds are the opposite of fallen angels, which are bonds that have a 'junk' rating, and are much more risky."
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