Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Corporate Credit Rating Standard and Poor's (S&P) indicates that a. the rating of AAA means that the security is investment grade with the lowest risk

Corporate Credit Rating Standard and Poor's (S&P) indicates that 


a. the rating of AAA means that the security is investment grade with the lowest risk 


b. the rating of AA means that the security is investment grade with high risk 


c. the rating of BBB means that the security is junk grade with high-risk 


d. the rating of CCC means that the security is investment grade with high-risk

Step by Step Solution

3.48 Rating (151 Votes )

There are 3 Steps involved in it

Step: 1

The detailed answer for the above question is provided below The correct answer i... blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Personal Finance

Authors: Jeff Madura, Hardeep Singh Gill

4th Canadian edition

134724712, 134724713, 9780134779782 , 978-0134724713

More Books

Students also viewed these Finance questions

Question

What are bounds and what do companies do with them?

Answered: 1 week ago