When things go well for a country/company (i.e., economic growth, higher profitability, lower debt obligations, higher reserves, etc.), then

Group of answer choices

The credit rating will be upgraded (e.g., going from BB+, high yielding bond, to BBB-, investment grade bond).

Yield will get lower, as the price of the bond will get higher

Probability of default will get smaller due to a noticeable improvement in the borrower's ability and willingness to service its debt in full/on time.

All of the above

Only A & C