For the Major Bond-Rating Agencies, the Lowest Level of an Investment

question 53

Multiple Choice

For the major bond-rating agencies, the lowest level of an investment grade bond is:

• A)AA (investment grade includes AAA and AA).
• B)A (investment grade includes AAA, AA and A).
• C)BBB (investment grade includes AAA, AA, A, and BBB).
• D)B (investment grade includes AAA, AA, A, BBB, BB and B).

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Definitions:

Proximate Cause

The primary cause of an injury in tort law, linking the defendant's conduct to the damages suffered by the plaintiff.

Danger Invites Rescue

A legal doctrine stating that a rescuer who gets injured while saving another from harm can claim against the person or entity that caused the danger.

Superseding Cause

An intervening cause that alters the natural sequence of events and relieves a defendant from liability for harm caused after the intervention.

Legal Duty

An obligation imposed by law where an individual is required to adhere to a standard of reasonable care while performing any acts that could harm others.