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CC rating

A junk bond rating assigned to fairly speculative debt instruments. A CC rating indicates the issuer is at greater risk of default than a CCC-rated issue and less than a C-rated issue if business, financia, or economic conditions change measurably. Bond investors rely on bond ratings from organizations like Standard & Poor's, Moody's Investors Service, and Fitch Ratings to evaluate the default risk associated with both corporate bonds and municipal bonds. Compare to Investment Grade.

Related information about CC rating:
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