Assume that Sacyr Vallehermoso had a bond issue and a credit rating from Moodys and S&P. However,

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Assume that Sacyr Vallehermoso had a bond issue and a credit rating from Moody’s and S&P. However, Moody’s have given a rating of Aaa and S&P have given a rating of BBB. What does this mean and why do you think it has happened?

Explain.

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Corporate Finance

ISBN: 9780077173630

3rd Edition

Authors: David Hillier, Stephen A. Ross, Randolph W. Westerfield, Bradford D. Jordan, Jeffrey F. Jaffe

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Question Posted: Feb 22, 2024 03:03 AM

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Assume that Sacyr Vallehermoso had a bond issue and a credit rating from Moodys and S&P. However,

Question:

Step by Step Answer:

Having different credit ratings from different rating agencies like Moodys and SP can occur due to several reasons including differences in methodolog...View the full answer

Corporate Finance

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