Which of the following statements is not correct?
A)An "A" rating is the best credit rating a company can earn.
B)Credit ratings below BB are called "junk."
C)A credit rating agency indicates a company's ability to pay its debts on a timely basis.
D)Standard and Poor's,Fitch,and Moody's are the names of credit rating agencies.

Question

Quizplus · Accepted Answer

The grades for bonds can range from AAA to D.The AAA rating is given to companies in rock-solid financial condition and the D goes to those likely to pay less than half of what they owe.

Which of the Following Statements Is Not Correct