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Insurance companies are rated by several rating agencies. The Fitch 20-poinl scale is AAA,...

Insurance companies are rated by several rating agencies. The Fitch 20-poinl scale is AAA, AA+, AA, AA-, A+, A, A-, BBB+, BBB, BBB-, BB+, BB, BB-, B+, B, B-, CCC+, CCC,CCC-, DD. (a) What level of measurement does this scale use? (b) To assume that The scale use interval measurements, what assumption is required? (Scales are from Weiss Ratings Guide to HMOs and Health insurers, summer 2003, p.15.)

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