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Credit ratings (please select which are true) I. measure relative default risk; i.e., AAA-rated corresponds to least likely to default, not to has an X%
Credit ratings (please select which are true)
I. measure relative default risk; i.e., AAA-rated corresponds to least likely to default, not to has an X% chance of default.
II. are provided by regulatory agencies (e.g., the SEC or the Fed) to aid investors.
III. are broadly divided up into investment grade and speculative grade or junk bonds.
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