b) The bond rating is an evaluation of the credit quality of the issuance of the debt instruments. The RAM has set a following scale and rating that matched the credit risk and the bond quality. You are required to identify XXX according to their scale and definition. Scale BBB XXX XXX Definition XXX Payment of interest and principal in arrears. Already in default Highly safe in timely payment of interest and principal Adequate safety in timely payment of interest and principal. Sensitive to changes in economic condition XXX High risk on interest and principal payments. Adverse business and economic conditions would lead to a lack of ability to pay interest and principal. (4 marks) B Olc