The chart shows the number of global corporate bond issues for which Standard & Poor's issued ratings
Question:
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?
Transcribed Image Text:
Standard and Poor's Annual Global Corporate 1,200 1100 Downgradas 1,000 Upgradas 800 700 a500 200
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a Both upgrades and downgrades are generally trending up over time The main reason for this is that ...View the full answer
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Related Book For
Fundamentals Of Investing
ISBN: 9780134083308
13th Edition
Authors: Scott B. Smart, Lawrence J. Gitman, Michael D. Joehnk
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