问题如下：
A company was rated Ba2 by Moody's. What rating would the subordinated bond issued by this company carry?
选项：
A. B1
B. Ba2
C. Baa3
解释：
A is correct.
The subordinated bond would have its rating notched down from the company's Ba2 rating, reflecting the higher weight given to loss severity for speculative-grade credits.
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