Which of the following statements is most likely to be false?

Group of answer choices

a)Credit rating, rating watch, and rating outlook are primary information issued by the rating agencies.

b)The credit risk is the risk that the issuer will default on its obligation

c)Rating agencies assess only a particular issue of debt securities (issue credit rating). Therefore, they do not evaluate the default risk of a bond issuer (issuer credit rating).

d)The risk that the bonds value declines is also a kind of credit risk.