Answer as soon as possible, it's very urgent

Which of the following is most likely correct? Select one: A ratings downgrade indicates that the probability of default on the debt has declined and the debt has to be redeemed at a premium to par S\&P typically assign a lower rating than Fitch. B1 is a stronger rating than Baa3 on the Moody's rating scale. A company with a triple A rating has not optimized its funding as its corporate funding rate will be very close to the cost of equity