Investment Glossary · Quick read · No ads
Fallen Angel
A bond that was originally issued with an investment-grade credit rating but has since been downgraded to junk status due to the issuer's deteriorating financial condition.
What is Fallen Angel?
A bond that was originally issued with an investment-grade credit rating but has since been downgraded to junk status due to the issuer's deteriorating financial condition.
About this page. Written by Associate Professor Charles Lo, CPA, PhD. Checked against reliable sources before publication. No ads and no paywall. Editorial standards · How we fact check · Corrections log · Report an error
Educational information only. Nothing on this page is personal financial, tax or legal advice. Investing involves risk, including the possible loss of principal.
