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Which of the following statements about debt ratings is most correct? The ratings reflect the probability of default. The ratings on outstanding debt are automatically
Which of the following statements about debt ratings is most correct? The ratings reflect the probability of default. The ratings on outstanding debt are automatically reviewed and updated annually. The ratings are important to investors but unimportant to issuers. The ratings are based solely on a quantitative analysis of the issuer's financial condition. The ratings run from A (for the best) to F (for the worst).
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