SIE (Securities Industry Essentials) Practice Exam

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Which rating denotes a higher credit rating in the speculative category by Standard & Poor's?

BB
CCC+
BB+
B-

The correct answer is: BB+

Standard & Poor's ratings range from AAA (highest) to D (lowest). Therefore, the most plausible explanation is that, within the speculative category, BB+ is a higher rating than BB, CCC+, or B-. This is due to the fact that the ratings move in alphabetical order from highest to lowest, indicating that BB+ falls higher on the scale than BB, CCC+, or B-. Additionally, the "+" indicates that a rating is slightly higher than the preceding rating, further solidifying that BB+ is a higher rating than BB, CCC+, or B-.