A Crossover Bond Is a Bond That

Multiple Choice

A crossover bond is a bond that

A) was previously in default but is now current with its debt obligations.
B) was issued by a non-U.S.entity but is held by a U.S.party.
C) has both an investment-grade and a low-grade rating.
D) was issued as investment-grade but is currently rated as low-grade.
E) is rated by both a U.S.and a non-U.S.rating agency.