Moody’s and Standard and Poor’s are agencies that
A. help investors collect when corporations default on their bonds.
B. advise municipal bond issuers on the tax exempt status of their bonds.
C. produce information about the probability of default on corporate bonds.
D. maintain liquid markets for corporate bonds.
Answer:C
Moody’s and Standard and Poor’s are agencies that
A. help investors collect when corporations default on their bonds.
 B. advise municipal bond issuers on the tax exempt status of their bonds.
 C. produce information about the probability of default on corporate bonds.
 D. maintain liquid markets for corporate bonds.
