For Moody's and Standard & Poor's,the first ________ bond-rating categories represent investments suitable for conservative investors who want a safe investment that provides a predictable source of income.
A)two
B)three
C)four
D)five
E)six

Question

Quizplus · Accepted Answer

Moody's and Standard & Poor's are two of the most well-known credit rating agencies in the world. They assign bond ratings to companies and other issuers of debt securities. The first two bond-rating categories for both Moody's and Standard & Poor's are AAA and AA, respectively. These categories represent investments that are considered to be of the highest quality and are suitable for conservative investors who want a safe investment that provides a predictable source of income.

For Moody's and Standard & Poor's,the First ________ Bond-Rating Categories