Credit rating agencies perform an important role within the international financial markets? Required: a) Discuss the purpose
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Question:
Credit rating agencies perform an important role within the international financial markets?
Required:
a) Discuss the purpose and importance of a credit rating issued by a credit rating agency on a corporate debt issue from the perspective of both a borrower and an investor?
b) Discuss why credit rating agencies may come under pressure to provide higher bond ratings?
c) Discuss the supervision mechanisms implemented by ASIC for credit ratings agencies operating in Australia?
Related Book For
Financial Accounting A User Perspective
ISBN: 978-0470676608
6th Canadian Edition
Authors: Robert E Hoskin, Maureen R Fizzell, Donald C Cherry
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