Companies pay rating agencies such as DBRS to rate their bonds, and the costs can be substantial.

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Companies pay rating agencies such as DBRS to rate their bonds, and the costs can be substantial. However, companies are not required to have their bonds rated in the first place; doing so is strictly voluntary. Why do you think they do it?

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Fundamentals of Corporate Finance

ISBN: 978-0071051606

8th Canadian Edition

Authors: Stephen A. Ross, Randolph W. Westerfield

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Question Posted: Jun 24, 2019 09:11 AM

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Companies pay rating agencies such as DBRS to rate their bonds, and the costs can be substantial.

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Fundamentals of Corporate Finance

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