CCC
adj.adj. describing a country's credit rating that is very low and risky. It means there is a high chance the country or company cannot pay back its debts.
adj. denoting a specific speculative-grade credit rating within the systems used by major agencies like S&P or Fitch. Indicates a high level of default risk and very poor capacity to meet financial commitments.
The agency downgraded the country's debt to CCC status.
Investors avoided the government bonds after they were downgraded to a CCC rating, signaling a high risk of default.
While some hedge funds specialize in distressed assets, most institutional investors are prohibited from holding securities that fall into the CCC category due to their extreme volatility.
Typically used attributively before nouns like 'rating', 'status', or 'grade'.