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crossover credit

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Financial Dictionary

crossover credit

Of or relating to a bond that straddles the gap between investment-grade and speculative. Crossover credits are generally rated low investment-grade by one rating agency and upper-grade speculative by another rating agency. See also split rating.

Wall Street Words: An A to Z Guide to Investment Terms by David L. Scott.
Copyright © 2003. Published by Houghton Mifflin.
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