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  3. which of the following statements about debt ratin

Which of the following statements about debt ratings is most correct? A...

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Finance

Which of the following statements about debt ratings is most correct?

A The ratings reflect the probability of default.
B The ratings on outstanding debt are automatically reviewed and updated annually.
C The ratings are important to investors, but unimportant to issuers.
D The ratings are based solely on a quantitative analysis of the issuers financial condition.
E The ratings run from A (for the best) to F (for the worst).

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