CNCT ACC CORPORATE FINANCE
CNCT ACC CORPORATE FINANCE
12th Edition
ISBN: 9781264604081
Author: Ross
Publisher: MCGRAW-HILL HIGHER EDUCATION
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Chapter 8, Problem 14CQ
Summary Introduction

To explain: The controversy behind the unsolicited bond ratings by some agencies.

Bond Rating:

The bond rating refers to assigning grade to the bonds. The grade which is assigned represents the quality of credit related to the bonds. This rating helps in evaluating the financial strength of the issuer.

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CNCT ACC CORPORATE FINANCE

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