8. Bond ratings [LO 7.3] Companies pay rating agencies such as Moodys and S&P to rate their...
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8. Bond ratings [LO 7.3] 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; doing so is strictly voluntary. Why do you think they do it?
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Related Book For 
Fundamentals Of Corporate Finance
ISBN: 9781743768051
8th Edition
Authors: Stephen A. Ross, Rowan Trayler, Charles Koh, Gerhard Hambusch, Kristoffer Glover, Randolph W. Westerfield, Bradford D. Jordan
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