Which of the following statements is NOT true?
A)Investments rated below BBB- are known as high quality bonds.
B)Investment grade securities should include those with a bond rating of AA.
C)A "fallen angel" is a bond that at one time was an investment grade security,but whose bond ratings has subsequently dropped.
D)Another colorful term for non-investment grade bonds is "junk bonds."

Question

Quizplus · Accepted Answer

Investments rated below BBB- are considered non-investment grade or high yield bonds, also known as junk bonds. High quality bonds are usually those rated BBB and above.

Which of the Following Statements Is NOT True