Bond or debt securities pay a stated rate of interest. This rate of interest is dependent on the risk associated with the investment. Fitch Ratings provides ratings for companies that issue debt securities.

Instructions
Go to the Fitch Ratings website and then answer the following questions.
a. In what year did Fitch introduce its bond rating scale? (See Our Organization.)
b. What letter values are assigned to debt investments that are considered “investment grade” and “speculative grade”? (See Ratings Definitions.)
c. Search the Internet to identify two other major credit rating agencies.