Moody's and Standard and Poor's are agencies that
A) help investors collect when corporations default on their bonds.
B) advise municipal bond issuers on the tax exempt status of their bonds.
C) produce information about the probability of default on corporate bonds.
D) maintain liquid markets for corporate bonds.

Question

Quizplus · Accepted Answer

Moody's and Standard and Poor's are credit rating agencies that produce information about the probability of default on corporate bonds to assist investors in making informed decisions about investing in them.

Moody's and Standard and Poor's Are Agencies That