Which one of the following statements concerning bond ratings is correct?
A) Investment grade bonds are rated BB or higher by Standard & Poor's.
B) Bond ratings assess both interest rate risk and default risk.
C) Split-rated bonds are called crossover bonds.
D) The highest rating issued by Moody's is AAA.
E) A "fallen angel" is a term applied to all "junk" bonds.
Correct Answer:
Verified
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A)
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A) requires the bond
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A) a
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A) apply to short-term debt issues
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