non-rated
adjective finance & economics specialized (also nonrated) uk/ˌnɒnˈreɪ.tɪd/ us/ˌnɑːnˈreɪ.t̬ɪd/
（投资）非评级的
A non-rated investment does not have a rating (= a score) that tells people, companies, or countries how safe it is
Most of the portfolio is invested in low-grade and non-rated bonds.
Investing in non-rated securities means that you are more at risk of losing your money. 投资于非评级证券意味着你赔钱的风险更高。
- More examples
- If you invest in non-rated bonds you should be prepared to make your own analysis of the risk.
- We always review the financial statements of the issuer before we purchase non-rated bonds.
- The underwriter raised almost twenty million pounds from investors through offerings of nonrated municipal bonds.