On the practical side, it also houses the ventilation systems for everything below grade, from transportation to the memorial museum.
WSJ: Sn?hetta: architecture �� landscape �� interior, at Scandinavia House
The average student enters KIPP two years below grade level in fifth grade, and leaves KIPP in eighth grade achieving at a ninth-grade level.
The Council also needs member states to strengthen export, customs and financial controls on dual-use items that are "below grade" of those newly sanctioned items.
We have a system that administers grade-level assessments and gives no credit to students who start well below grade level and make amazing progress or to those who are able to race ahead.
All improvements, whether on Vanderbilt or on the below-grade subway platforms, is quite innovative.
Corporate debt, usually those that are ranked a notch or more below investment grade, or investment grade emerging market sovereign debt.
Fitch, which has GMAC two rungs below investment grade, said the deal could lift its ratings, although not necessarily to investment grade.
And junk bonds (those below investment grade) are trading at a level that implies more risk than at any time since 1991.
Moreover, monolines will have to raise more capital if a sizeable chunk of their holdings falls below investment grade, as looks painfully possible.
In the mid-1990s individual loans looked appealing to investors, but their ratings (often below investment grade) made them too risky for conservative types.
Worse, it creates so-called cliff effects: a rush to the exits when assets are downgraded (or likely to be), especially to below investment grade.
Either way, just as you diversify your stock investments, be sure to diversify your individual bonds as well, particularly in you go below investment grade.
That way, its access to the financial markets won't be affected should the ratings of GM and GMAC fall below investment grade later this year, as expected.
If its credit ratings should sink below investment grade, GMAC's unsecured bonds would become off-limits to many institutional investors, making it even harder for GMAC to borrow money affordably.
Some investment funds enforce restrictions on debt that is below investment grade, while some require two out of the three top ratings agencies to have given the country an investment grade.
Below-investment grade paper yields more than 8%, as do A-rated preferred stocks.
Since March 2009, those factors have both been big tailwinds for below-investment grade paper, helping drive both the JNK and HYG 50% higher in price over the past year and a half.
FORBES: Ford And Icahn Look Like Better Bond Bets Than Uncle Sam
Brad Hintz, an analyst at Sanford Bernstein, calculates a potential hit of 28% to Bear Stearns' 2008 earnings per share if income from fixed-income trading falls 20%, financial sponsor merger and acquisition dries up and it sees a 35% reduction in below-investment grade loans.
The willingness to take a chance on blemished credits pushed below-investment grade securities above par value for the first time since before the financial crisis, up from a nadir of 55 cents on the dollar in December of 2008, according to Bank of America Merrill Lynch.
FORBES: Ford And Icahn Look Like Better Bond Bets Than Uncle Sam
Corporate bonds rated BBB are yielding 8%, while their below-investment-grade BB brethren yield 9%.
The risk premium in financial markets comes in as Treasury yields move up and fewer below-investment-grade debentures stop trading like yesterday's sardines.
He coaches auditors to use action verbs such as "verify" and "confirm" and tells them to write below a 12th-grade reading level so it can be easily understood.
The administration cited a bevy of statistics to back the ban, such as more than half of city adults, or 58%, are overweight or obese and nearly 40% of city public-school students in eighth grade or below are obese or overweight.
When city health officials voted to approve the large-drink ban in the fall, they routinely pointed to statistics showing that 58% adults citywide are overweight or obese, and nearly 40% of public-school students in eighth grade or below are obese or overweight.
That rates these banks as low-grade junk, far below where the major ratings agencies now have them.
This is the Lynch strategy's most important variable, and Hasbro gets a passing grade because its PEG is below the 1.0 maximum allowed.
Everything from BBB and above is considered investment grade, while anything BB and below is considered junk.
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