What is the limitation of a third-party guarantee as a form of credit enhancement?

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Bond Markets Analysis and Strategies

ISBN: 978-0133796773

9th edition

Authors: Frank J.Fabozzi

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Question Posted: Aug 22, 2015 07:37 AM

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What is the limitation of a third-party guarantee as a form of credit enhancement?

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As a form of external credit enhancements the rating companies take the weak link approach to rating...View the full answer

Bond Markets Analysis and Strategies

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