Which One of the Following Statements Concerning Bond Ratings Is

Multiple Choice

Which one of the following statements concerning bond ratings is correct?

A) Moody's is the sole provider of bond ratings.
B) Bond ratings only assess the possibility of default.
C) Investment grade bonds include only those bonds receiving an A or higher rating.
D) Bond ratings consider the potential price volatility of a bond.
E) A "fallen angel" is a bond that fell from an A rating or above to a BBB rating.