Purpose: Bond or debt securities pay a stated rate of interest. This rate of interest is dependent
Question:
Instructions
Answer the following questions.
(a) In what year did Fitch introduce its bond rating scale? (See History in About Us.)
(b) What letter values are assigned to debt investments that are considered “investment grade” and “speculative grade”? (See Ratings Definitions.)
(c) Search the web to identify two other major credit rating agencies.
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Step by Step Answer:
a In 1924 the Fitch Publishing Company introduced the now familiar AAA to D r...View the full answer
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Related Book For 
Financial Accounting Tools for business decision making
ISBN: 978-0470534779
6th Edition
Authors: Paul D. Kimmel, Jerry J. Weygandt, Donald E. Kieso
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