The Quality Rating Given by Standard & Poor's to Highly-Speculative

question 121

Multiple Choice

The quality rating given by Standard & Poor's to highly-speculative bonds is:

• A) high-grade.
• B) default.
• C) investment-grade.
• D) medium-grade.
• E) unrated.

---

Definitions:

Public Saving

The difference between government receipts and government spending, representing the amount the government either saves or borrows.

Positive

In economics, referring to statements or analyses that are fact-based and describe the world as it is, rather than how it should be.

Budget Deficit

Occurs when a government spends more money than it receives in revenue over a specific period of time.

Public Savings

The difference between government revenue and government spending, representing a net saving or borrowing position.