Oh oh. Another bond rating downgrade...

[MHopkins2]

Hang on. A "junk" bond (which due to its nature pays far higher interest than a "good" one, correct?) still only has a 2.3% probability of default? H*ll, where's my checkbook? Sign me up!

 

[Bstanley]

A Fitch/S&P BBB rating is still considered 'Investment grade', Lower Investment grade, but still an "investment", rather than a "bet"... for your additional exposure to risk you might get a 1.5% higher return.

A BB is "speculative", the definition of "Junk" starts somewhere below that...