Downgrade risk highest, Thank

spartan1

Which bond has a highest downgrade risk a AA bond or a BB bond and why?

Thank You

thisisbrianly

@CFAbooked, yeah that makes more sense. I think that was what I was looking for. Thank You.



Edited 1 time(s). Last edit at Wednesday, November 24, 2010 at 09:53AM by JCM.

kd26gioi

You can't answer that question unless perhaps if you're provided with a ratings transition matrix.