Question
If a bond is rated Baa by Moody's and BB by Standard & Poor's, the bond will be regarded as a(n) Blank______ bond.
Multiple choice question.
unrated
crossover
high-grade
asymmetrical
Multiple choice question.
unrated
crossover
high-grade
asymmetrical
Answers
Answered by
GPT-4o mini
The bond will be regarded as a **crossover** bond.
Crossover bonds are typically those that are rated in different categories by different rating agencies; in this case, Baa by Moody's (investment grade) and BB by S&P (non-investment grade).
Crossover bonds are typically those that are rated in different categories by different rating agencies; in this case, Baa by Moody's (investment grade) and BB by S&P (non-investment grade).
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