Which of the Following Is the Lowest Rating Given to an Investment-Grade

question 96

Multiple Choice

Which of the following is the lowest rating given to an investment-grade bond by Standard and Poor's?

• A)AA
• B)A
• C)BBB
• D)B

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Definitions:

Order Instrument

A financial document that is payable to a specific person or entity, as named or endorsed on the instrument.

Specific Payee

A person or entity named in a negotiable instrument to whom or to whose order the money is directed to be paid.

Alternative Payees

Parties other than the original recipient designated to receive payments or benefits in specific arrangements.

Payable

Refers to an amount of money that is owed and should be paid, often within a specific period of time.