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Which of the following statements are true about bond rating agencies? (Select all that apply;...

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Which of the following statements are true about bond rating agencies? (Select all that apply; 2 of the answers below are correct.) Reference: Textbook, Chapter 6 Bonds rated above Baa by Moody's and BBB by S&P and Fitch are often termed "junk bonds". Bonds with a AAA rating have the highest risk of default and carry a significant "risk premium" as a result. Three major rating agencies are Standard & Poors (S&P), Moody's, and Fitch. Bond ratings agencies are non-profit institutions established by the U.S. government, and are overseen directly by Congress. Rating Agencies assign bonds a "credit score" based on their perceived probabilty of default, among other factors

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