The chart shows the number of global corporate bond issues for which Standard & Poor's issued ratings

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The chart shows the number of global corporate bond issues for which Standard & Poor's issued ratings upgrades or downgrades every year from 1981 to 2014.

a. What is the trend in the number of ratings changes (both upgrades and downgrades) over time? Why?

b. Which type of ratings change, upgrade or downgrade, is most common in most years? Why do you think that is so?

c. In what years does the ratio of downgrades/upgrades appear to be particularly high? Why?

The chart shows the number of global corporate bond issues
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Related Book For  answer-question

Fundamentals Of Investing

ISBN: 9780134083308

13th Edition

Authors: Scott B. Smart, Lawrence J. Gitman, Michael D. Joehnk

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