Bonds with relatively low risk of default are called ___ securities and have a rating of Baa (or BBB) and above; bonds with ratings below Baa (or BBB) have a higher default risk and are called ___. A) investment grade; lower grade B) investment grade...
In Europe however, I still rely heavily on its ratings. (After all, the Roman roads and aqueducts built in Western Europe still functioned despite the Empire’s unsuccessful expansions Northward in later years.) On the morning of my last full day in Bruges, I did my usual search for a ...