A credit analyst is evaluating the credit worthiness of three companies: a construction company, a travel and tourism company, and a beverage company. Both the construction and travel and tourism companies are cyclical, whereas the beverage company is noncyclical. The construction company has the highest debt level of the three companies. The highest credit risk is most likely exhibited by the:

A. Construction company.

B. Beverage company.

C. Travel and tourism company.