Which two of the following statements relating to credit ratings is correct?
A) Investment grade debt is rated at B or above by Moody's.
B) Non- investment grade bonds have ratings at, or below, Standard and Poors' rating BB+ (or Moody rating Ba1) .
C) Eurobonds have a Standard & Poors' rating of under ABB.
D) Junk bonds are those which have a Standard & Poors' rating of under BBB (or a Moody rating of less than Baa) .
Correct Answer:
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