For example, in 2009, speculative grade companies won by a score of 77.28% to 31.95%.
Also in the speculative grade category are such members in good standing of the corporate community as D.
Both banks have investment-grade ratings, while Sekerbank's debt is rated as speculative grade.
Spain's ratings are just one notch above speculative grade, or "junk" levels at two of the three major ratings firms.
Credit problems made 2001 a tough year for stocks, but the burden fell far more heavily on speculative grade companies.
In some years, speculative grade companies decisively beat investment grade companies.
Perhaps the day is not far off when Ford will produce a positive effect on the market by moving up and out of the speculative grade universe.
Unfortunately, there is currently no exchange-traded fund available by which you can efficiently capture the group effect of owning (or shorting) the full investment grade or speculative grade sample.
And their government bonds are speculative grade.
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For investors who prefer to sacrifice some yield in exchange for greater safety, possibly with the intention of swapping back into speculative grade corporate bonds at a wider spread later on, the most straightforward trade is to switch to Triple-B corporates.
Speculative-grade bond defaults were barely 2% in the fourth quarter, according to the agency.
Bain, a consultancy, now expects as many as 140 American speculative-grade companies to default in 2010, sharply up from a forecast of 40-50 in April.
High-yielding debt in risky, speculative-grade companies has gained 38% this year.
His model is based on factors such as changes in bank lending, the economic growth rate and the size of the speculative-grade market (a glut of issuance tends to be an indicator of loose lending practices).
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