Question
If a bond issued by ABC Corporation has been judged by Dominion Bond Rating Service (DBRS) to be BB, which of the following statements is
If a bond issued by ABC Corporation has been judged by Dominion Bond Rating Service (DBRS) to be BB, which of the following statements is the best way to explain what a BB rating means?
It has been judged to be of the highest quality with minimal risk
It has been judged to be a debenture with no physical or financial collateral offered as security
It has been judged to be a high-yield bond
It has been judged to be subject to substantial credit risk
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Handbook Of Consumer Finance Research
Authors: Jing J. Xiao
1st Edition
1441926046, 978-1441926043
