The bonds rated lower than triple-B bonds by the 'Standard and Poor's' are considered as ______________?
Correct answer: C. junk bonds
- A. split bonds
- B. automated bonds
- C. junk bonds
- D. sinking bonds
Explanation
Standard & Poor’s ratings below BBB are below investment grade and are commonly called junk bonds. Split and sinking bonds describe other features, not a low credit rating.
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