58) Using the Moody's & 58P rating scale, which of the following pairs of ratings represent below investment grade ratings, also known as "junk" ratings:

1. AA/BBB
2. Ba2/BB
3. B3/AA

59) What is the rating agency process whereby the credit ratings are moved up or down from the issuer rating?

1. Pari passu ranking
2. Cross-default provisions
3. notching

73) Which of the following bonds are most likely to exhibit the greatest spread volatility?

1. Bonds rated Aaa/AAA/AAA by Moody's/S&P/Fitch
2. Bonds rated Aa2/AA/AA by Moody's/S&P/Fitch
3. Bonds rated Baa3/A3/BBB- by Moody's/S&P/Fitch