Question: 21. Comment on the following statement: The difficulty with analyzing bonds issued by foreign governments is the intangible and non-quantitative elements involved in the credit

21. Comment on the following statement: β€˜β€˜The difficulty with analyzing bonds issued by foreign governments is the intangible and non-quantitative elements involved in the credit analysis. I would not encounter such complexities when analyzing the credit worthiness of domestic corporate bonds or domestic municipal bonds.’’

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