What is the reason(s) why companies hire bond rating agencies to rate their debt?

Question:

What is the reason(s) why companies hire bond rating agencies to rate their debt?

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For  book-img-for-question

Financial Statement Analysis

ISBN: 978-0078110962

11th edition

Authors: K. R. Subramanyam, John Wild

Question Posted: