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The big mystery, and the main reason for the shares' lowly rating, is the investment bank.
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Tebow is lowly rated statistically except in the fourth quarter.
In terms of book value, Barclays remains one of the most lowly rated major banks.
During the 1980's and 1990's this retirement fund grew at a lowly rate of about 3percentt a year.
Highly rated companies attract a 1.6% capital charge and lowly rated ones a 12% charge higher, oddly, than unrated companies.
TNT rescued "Southland" after its lowly rated first season on NBC, but the numbers have only become worse.
There were oddities, such as that unrated borrowers would get more favourable treatment than lowly rated ones.
It is too lowly rated on our forecasts at 7.4 times 2009/10 forecasts and has a dividend, well covered, yielding almost 4%.
Most of these companies have low levels of debt and decent cash flows but are still lowly rated in terms of multiples of earnings.
Pension and money-market funds are restricted from holding lowly rated securities; banks get capital relief for holding highly rated ones.
In the circumstances, the market's instinctive reaction – 8% off Serco's share price and 5.5% of G4S's more lowly rated stock – inevitably amounts to a best guess in the face of inadequate information.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com