Companies pay rating agencies such as Moodys and S&P to rate their bonds, and the costs can
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Companies pay rating agencies such as Moody’s and S&P to rate their bonds, and the costs can be substantial. However, companies are not required to have their bonds rated in the first place; doing so is strictly voluntary. Why do you think they do it?
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Companies often choose to have their bonds rated by agencies like Moodys and SP for several reasons even though it is a voluntary process and comes wi...View the full answer
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Related Book For
Corporate Finance
ISBN: 9781265533199
13th International Edition
Authors: Stephen Ross, Randolph Westerfield, Jeffrey Jaffe
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