Which of the following statements is correct?

In the standardized approach in Basel II and III,

	A.	Ratings are transformed into grades, which are dependent on the nature of the asset, and the grades are converted into risk weights, with the conversion not depending on the nature of the asset.
	B.	Grades are transformed into ratings, which are not dependent on the nature of the asset, and the ratings are converted into risk weights, with the conversion depending on the nature of the asset.
	C.	Ratings are transformed into grades, which are not dependent on the nature of the asset, and the grades are converted into risk weights, with the conversion depending on the nature of the asset.
	D.	Ratings are transformed into grades, which are dependent on the nature of the asset, and the grades are converted into risk weights, with the conversion depending on the nature of the asset.
	E.	Ratings are transformed into grades, which are not dependent on the nature of the asset, and the grades are converted into risk weights, with the conversion not depending on the nature of the asset.