Which One of the Following Statements Concerning Bond Ratings Is

question 70

Multiple Choice

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.

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