The agency announced it had put a B1 rating on the five year bond, the highest tier of the speculative end of the scale.
Hit the hardest were bonds in the more speculative end of the muni market, those that are on the lowest rung of investment grade (Baa from Moody's, BBB from Standard & Poor's) or below.
Warren Buffett, the venerated investor, said the speculative cryptocurrency craze "will come to a bad end".
Robert Brustein lovingly kills off William Shakespeare in "The Last Will," a speculative version of the end of Shakespeare's life that completes Mr. Brustein's trilogy on him.
For much of this year, the stock market has been a great concern for the government because of reports that retirees, students and factory workers were plowing much of their savings into stocks, threatening to create a speculative bubble that could end in a damaging and politically explosive crash.
By day's end, many professionals were even saying that last week's plunge, although painful, might have done some good by ending a speculative bubble and clearing the way for a steady, but slower, advance.
Then, as now, trouble began when a speculative real estate frenzy ended, leaving banks awash in debts they preferred not to recognize and hoping that bad loans would turn good (or at least be forgotten).
Maps can visualize the invisible by helping a user to navigate toward unexplored landscapes and places; bu maps can also normalize a speculative project because in the end most people think that maps are true.
The Giver Quartet is, in the end, less a speculative fiction than a kind of guide for teaching children (and their parents, if they're listening carefully) how to be a good person.
But not everyone thought it fair to belabor three hours of pop opera with 1,200 pages of classic novel, nor did everyone join those attacking the R.S.C. for postponing its usual fall ration of subsidized Shakespeare in favor of a speculative entertainment with a West End producer.
Among the album's four originals are "It's a Beautiful Day," blithely set on the other end of a speculative romance, and "After All," a sure-footed power-pop duet with Bryan Adams, who, like Mr. Bublé, is a proud son of Canada.
