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Politics : Ask Michael Burke -- Ignore unavailable to you. Want to Upgrade?

To: BSGrinder who wrote (53421)3/25/1999 1:23:00 PM
From: accountclosed  Read Replies (1) | Respond to of 132070
 
the p stands for "prime" and p1 is top rated commercial paper. p2 is second tier. Moody's uses a p1/p2 system for rating commercial paper.

moodys.com



To: BSGrinder who wrote (53421)3/25/1999 3:21:00 PM
From: Knighty Tin  Respond to of 132070
 
Kit, It is the equivalent of bond ratings. P1 stands for Prime One and is the highest corporate credit rating for short term money. It is equal to AAA in longer bonds. P2 is prime 2, and is more like A or AA or, in some cases, even BBB. It is investment grade and its short term nature makes it fairly low risk. But, in a crunch, I'd prefer to be in Treasury bills or a widely diversified P1 fund.

MB


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