Non-Investment-grade bonds are rated at least BBB by Standard and Poor’s.   TRUE OR FALSE

Cornerstones of Financial Accounting
4th Edition
ISBN:9781337690881
Author:Jay Rich, Jeff Jones
Publisher:Jay Rich, Jeff Jones
Chapter9: Long-term Liabilities
Section: Chapter Questions
Problem 7DQ: How does a secured bond differ from an unsecured bond?
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Non-Investment-grade bonds are rated at least BBB by Standard and Poor’s.

 

TRUE OR FALSE

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