• With enough think tanks in Washington rehabilitating gold as a respectable monetary anchor and ratings agencies threatening to reduce T-bills to junk bond status, hard money will have its day in court.

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  • Then the mayor flew to Wall Street, which he boasted he would so impress with his forceful ideas that it would upgrade Miami's bond-rating from junk status. (It listened politely but remained unmoved.) It was then that a columnist, Carl Hiaasen, advised the mayor in the Miami Herald that, while in New York, he should visit Bellevue, an insane asylum of legend.

    ECONOMIST: Miami politics

  • Many of her highly leveraged companies are severely troubled and as a result her once triple-AAA bond deals have been reduced to junk status.

    FORBES: Reality Bites: Lynn Tilton's Diva Of Distressed Show Cancelled

  • The country's credit rating was slashed to near-junk status on March 29th, while ten-year bond yields have risen above 8% as investors fear Portugal will have to turn to the European Union and the IMF for loans.

    ECONOMIST: The euro zone's periphery

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