In simple terms, "junk status" refers to a situation where a company or government's financial situation is seen as risky or unreliable. It means they have a low credit rating, similar to having a poor financial reputation.
Sentences with «junk status»
The town's credit rating now is one step above junk status. (newsday.com)
We have seen our bond rating increase from near junk status to «A» category ratings. (rocklandtimes.com)
At junk status during the company's dark days, the firm's debt is now just one notch below investment grade. (nreionline.com)