Series 6 - Investment Company And Variable Contracts Products Representative Exam

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According to Standard & Poor's, a noninvestment-grade bond has a rating of:

BB or lower
A
A or lower
B
Caa or lower
C
Baa or lower
D

Explanations

Standard & Poor's noninvestment-grade rating begins at BB and below. BB rated bonds are the beginning of the speculative grades.

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