The quality rating given by Standard & Poor's to bonds that are highly speculative and near default is:
A)high-grade.
B)problematic or default.
C)investment-grade.
D)medium-grade.
E)unrated.

Question

Quizplus · Accepted Answer

Standard & Poor's uses the rating "problematic or default" for bonds that are highly speculative and near default. This rating indicates that the bonds carry a high risk of default.

The Quality Rating Given by Standard & Poor's to Bonds