According to an article by Reuters News Agency, in November 2016, Fitch Ratings cut its rating on

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According to an article by Reuters News Agency, in November 2016, Fitch Ratings cut its rating on McDonald’s bonds from BBB+ to BBB.

a. What is Fitch’s top bond rating? Under what circumstances would Fitch, or the other bond rating agencies, be likely to cut the rating on a firm’s bonds?

b. What will be the likely result of this rating’s cut for the interest rate McDonald’s will have to pay when it sells new bonds? Briefly explain.

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Essentials Of Economics

ISBN: 9780134797731

6th Edition

Authors: R. Glenn Hubbard, Anthony Patrick O brien

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Question Posted: Mar 17, 2024 02:00 PM

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According to an article by Reuters News Agency, in November 2016, Fitch Ratings cut its rating on

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Essentials Of Economics

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