Definition: The phrase Triple A, or AAA, refers to the highest rating awarded by various bond agencies for a specific bond. It indicates that an investment is extremely safe and there is very little risk of default. At any given time, there are very few AAA companies in the world and having a rating this high allows a company to borrow money and raise capital at rates just above the safest world governments, providing a huge competitive advantage.
Also Known As: Triple A
Examples: Berkshire Hathaway, Johnson & Johnson, and General Electric are considered some of the strongest companies in the world due to their Triple A bond ratings, allowing them to borrow money at rock-bottom rates.
Also Known As: Triple A
Examples: Berkshire Hathaway, Johnson & Johnson, and General Electric are considered some of the strongest companies in the world due to their Triple A bond ratings, allowing them to borrow money at rock-bottom rates.