Noncallable for five years, the notes are rated B by S.& P.
The company is rated B- with the Better Business Bureau.
The American Medical issue is rated B, a notch lower.
These are rated triple B - which is still investment quality - but I expect an upgrade to A in a few months.
Sachs knew that prints were rated A, B and C, the lower category being unacceptable to most law enforcement agencies.
It was rated B by the Cinema Evaluation Board.
Kemper has been investing in junk bonds rated B, which is at the higher end of non-investment grades.
By 1989, the higher class of junk, rated double B, accounted for less than 23 percent of the junk market.
By comparison, he says, of the 23 large insurers he had rated B or better, none had failed.
The debentures, rated B- by S.&P., are noncallable for two years and may be converted into the company's common stock at $48.50 a share.