Image by Â©iStock.com/nicoolay. Marijuanaâalso called weed, herb, pot, grass, bud, ganja, Mary Jane, and a vast number of other slang termsâis a greenish-gray mixture of the dried, shredded leaves and flowers of Cannabis sativa, the hemp plant.
Municipal Bond Ratings. What is a Bond Rating. A bond rating performs the isolated function of credit risk evaluation. A bond rating does not constitute a recommendation to invest in a bond and does not take into consideration the risk preference of the investor. While many factors go into the investment decision making process, the bond rating is often the single most important factor affecting the interest cost on bonds.
Any bond that is a direct obligation of the U.S. government is deemed to have zero possibility of default. Bonds issued by federal agencies, or most types of mortgage-backed securities, are deemed to have almost equally high credit quality. Municipal bonds come in a wide variety of ratings, but in the aggregate they have low default rates.