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Finance Bond question. What does A-rated corporate bonds and BB- bonds mean? I appreciate any type of help. Thank you! EXERCISE #4: A 5-year 4%

Finance Bond question. What does A-rated corporate bonds and BB- bonds mean?

I appreciate any type of help. Thank you!

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EXERCISE #4: A 5-year 4\% A-rated corporate bond's yield to maturity is 6%. [Assume annual or semiannual.] Quoted Price =. The bond gets downgraded to BB-. It's yield is likely to be than 4% and lower/higher than 6%, and the price is likely to be than lower/higher less/greater QPricel

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