___________are debt rated Ba or lower by Moody's or BB or lower by Standard & Poor's and were commonly used by rapidly growing firms to obtain growth capital, most often to finance mergers and takeovers of other firms, particularly during the 1980s.

Question

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Debt rated Ba or lower by Moody's or BB or lower by Standard & Poor's are commonly known as junk bonds. These bonds were commonly used by rapidly growing firms to obtain growth capital, most often to finance mergers and takeovers of other firms, particularly during the 1980s. Subordinated debentures, mortgage bonds, and equipment trust certificates are not necessarily associated with high-risk or speculative ventures like junk bonds.

___________Are Debt Rated Ba or Lower by Moody's or BB