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Provide an answer and brief explanation to the following based on your reading of: https://www.bloomberg.com/news/articles/2018-03-11/china-at-risk-of-banking-crisis-in-bis-s-early-warning-signal Are sovereign bonds always investment grade? Include an explanation of

Provide an answer and brief explanation to the following based on your reading of: https://www.bloomberg.com/news/articles/2018-03-11/china-at-risk-of-banking-crisis-in-bis-s-early-warning-signal

Are sovereign bonds always investment grade? Include an explanation of what a sovereign bond is in your explanation.

If you are running a fund that can only invest in investment-grade bonds, can you now buy Russian sovereign bonds?

Do rating agencies always agree on the rating of a bond issue?

If a bond is downgraded from investment grade to non-investment grade, can the bond later regain an investment-grade rating?

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