A credit downgrade typically results in interest rate for new debt. A. no change in B. not enough information to tell C. a higher D. a lower 2. There is a(n) relationship between the price of an outstanding bond and market interest rates. A. none of the above B. positive C. direct D. inverse 3. The greater the volatility of earnings the the bond rating when everything else is held constant. A. there is no relationship between earnings and bond rating. B. higher C. lower D. volatility is irrelevant when evaluating earnings