Question: 52. Match the answers with the proper statement [2 points]. A. The highest possible credit rating available, reserved for only the best credit. Default... a

52. Match the answers with the proper statement [2 points]. A. The highest possible credit rating available, reserved for only the best credit. "Default"... a bond issuer has ceased making timely payments of principal and/or interest. B. AAA/Aaa C. Is considered "below investment grade". Many 'junk bonds' have this rating, or lower. BBB/Baa D. Bonds with this rating are considered "investment grade" and are appropriate for most individual investors and many bond mutual funds. BB+/Ba+

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