Question: Why do corporations have their debt rated Compare the role
Why do corporations have their debt rated? Compare the role played by rating agencies and a company’s outside auditors.
Relevant QuestionsWhat does investment grade mean in the context of corporate bond issues? How do these bonds differ from junk bonds, and why have the latter proven so popular with investors? For acquiring an asset, what are the key advantages of leasing as compared to borrowing? What are the key disadvantages of leasing? Web Tools Company is considering using the proceeds from a new $50 million bond issue to call and retire its outstanding $50 million bond issue. The details of both bond issues are outlined in what follows. The firm is in ...What is a stock dividend? How does this differ from a stock split? Delta Corporation earned $2.50 per share during fiscal year 2011 and paid cash dividends of $1.00 per share. During the fiscal year that just ended on December 31, 2012, Delta earned $3.00 per share, and the firm’s ...
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