A junior risk analyst who has recently joined the fixed-income trading team at a bank is tasked with understanding different methods for representing the credit spreads of fixed-income securities. The analyst is evaluating an existing position in a corporate bullet bond, which has the following characteristics:

• A 5-year term.
• A 4% fixed interest rate.
• Denominated in USD.
• Currently trading at a price of USD 96.00.
• Rated A-.
• Lacks any embedded options.
• Provides semi-annual payments.
• Has 3.5 years remaining until maturity.

Given that the spot curve is flat at 2.5%, which of the following statements about the spreads of the A- rated bond would be accurate for the analyst to conclude?