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Q:Lombardi Enterprises's credit rating _____ recently due its stronger financial position and ample reserves of cash. 
(A) improves (B) improved (C) will improve (D) will be improved

A:(B)improved

The answer should be B rather than A. 

The keyword here is "recently". If something happened recently, then it has already happened, making the answer B.

recently為已經發生的事實，由於這樣的限制, C, D 都可以去掉

而improves解讀為永恆不變的事實，與題義想要強調最近的不相符合。

因此用improved最合適。