$5.$ Identify the accurate statement or statements below pertaining to the payment of agencies such as

Moody's and S&P$,$ for bond ratings.

A$)$ no other rating agencies exist, hence companies must always pay Moody's and S&P exclusively

B$)$ unrated bonds can be difficult to sell

C$)$ many large investors are prohibited from investing in unrated issues

D$)$ all of t h e s t a t e m e n t s above are accurate

E$)$ only $($B$)$ and $($C$)$ above represent accurate statements