Which of the following statements about credit ratings is most accurate? A. Credit ratings can migrate over

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Which of the following statements about credit ratings is most accurate?

A. Credit ratings can migrate over time.

B. Changes in bond credit ratings precede changes in bond prices.

C. Credit ratings are focused on expected loss rather than risk of default.

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Fixed Income Analysis

ISBN: 9781119850540

5th Edition

Authors: Barbara S. Petitt

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