RE:RE:RE:Nellie news...Moody upgrade...GLTALYes, it's excellent.
Don't be afraid by the Moody's wording of its rating families.
First, JUNK is not from Moody's it's simplistic wording to divide companies in only two classes:
- Investment grade for all the BBB and better graded companies and....
- JUNK for all others companies from BB+ to C-
Highly speculative comment is for all the B1, B2 and B3. For exemple Air Canada with 7,3 B$ in cash, is a B3 company, only 1 notch above Bombardier.
The wording for the all the BB companies (Ba for Moody's) is :
.Obligations rated Ba are judged to have speculative elements and are subject to substantial credit risk. Not a specially positive wording !!!! but it's just below Investment grade.