题目
The distinction between investment grade debt and non-investment grade debt is best described by differences in:
选项
A.tax status.
B.credit quality.
C.maturity dates.
答案
B
解析
： B is correct. The distinction between investment grade and non-investment grade debt relates to differences in credit quality, not tax status or maturity dates. Debt markets are classified based on the issuer’s creditworthiness as judged by the credit ratings agencies. Ratings of Baa3 or above by Moody’s Investors Service or BBB– or above by Standard & Poor’s and Fitch Ratings are considered investment grade, whereas ratings below these levels are referred to as non-investment grade (also called high yield, speculative, or junk). ： B是正确的。投资级债务和非投资级债务之间的区别涉及信贷质量的差异，而不是税务状况或到期日。债务市场根据信用评级机构判断的发行人信誉进行分类。穆迪投资者服务公司（Moody's Investors Service）或标准普尔（Standard & Poor's）和惠誉（Fitch）评级机构对Baa3或以上的评级被视为投资级别，而低于这些级别的评级则被称为非投资级别（也称为高收益、投机性或垃圾级）。