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Which of the following statements is correct regarding credit ratings? A bond with a C rating means a bond is safer than a BBB rating.

  1. Which of the following statements is correct regarding credit ratings?
    1. A bond with a C rating means a bond is safer than a BBB rating.
    2. A bond with a B rating is investment grade.
    3. The highest bond rating is a AA.
    4. A bond rated Ba is speculative grade.

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