HIGH-YIELD CORPORATES
Corporate bonds are issued by corporations (private or public) to fund general operating expenses or projects of the business. High-Yield Corporate Bonds are Corporates rated Ba or lower by Moody's and BB or lower by Standard & Poor's and Fitch Ratings. Due to the possible risk associated with a lower rating, High-Yield Corporates are, as their name implies, issued with higher interest rates demanded by Investment Grade Corporates.