Definition of rising star
- a rising star in politics
a politician who is a rising star in the Republican Party
These example sentences are selected automatically from various online news sources to reflect current usage of the word 'rising star.' Views expressed in the examples do not represent the opinion of Merriam-Webster or its editors. Send us feedback.
For example, let's say Company XYZ is a small video gaming company. Company XYZ is profitable, but it needs $10 million right now so it can hire new programmers to expand its line of video games. XYZ decides to borrow the $10 million in the bond market.
Junk bonds are typically divided into two categories: Rising stars and fallen angels.
A fallen angel is a bond that once had a high rating but has since been downgraded to junk status (for example, General Motors when it declared bankruptcy). A rising star is a bond that has potential to be upgraded once the company establishes an outstanding track record of paying back its debt.
All things being equal, a investor would rather invest in a rising star's junk bond instead of a fallen angel's junk bond. A rising star has promising underlying financial performance and just needs some time to establish its credit history. A fallen angel once had an investment-grade credit rating, but has experienced some kind of financial degradation requiring a downgrade to "junk." In short, a rising star is on the way up, and a fallen angel is on the way down.
: a person who is quickly becoming popular, successful, etc.
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