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European Central Bank will now accept "FALLEN ANGEL" bonds. (ANGELS THAT FELL FROM HEAVEN CAN NOW EXCHANGE BONDS)

 
Lucifer Banking System
User ID: 78795647
United States
04/22/2020 06:09 PM
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European Central Bank will now accept "FALLEN ANGEL" bonds. (ANGELS THAT FELL FROM HEAVEN CAN NOW EXCHANGE BONDS)
Ok, maybe I exaggerated a bit...but what timing huh?
All of a sudden "FALLEN ANGEL" bonds?

Who the fuck comes up with this Satanic-Reference Lingo?
Oh that's right...the Satanists!

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Anonymous Coward
User ID: 38313047
United States
04/22/2020 06:35 PM
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Re: European Central Bank will now accept "FALLEN ANGEL" bonds. (ANGELS THAT FELL FROM HEAVEN CAN NOW EXCHANGE BONDS)
A fallen angel, in the investing world, is a bond that was initially given an investment-grade rating but has since been reduced to junk bond status. The downgrade is caused by a deterioration in the financial condition of the issuer.

The term is also sometimes used to describe a stock that has fallen precipitously from its all-time highs.





GLP