Note that the three companies sometimes disagree on ratings (recently differences occur about 15 percent of the

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Note that the three companies sometimes disagree on ratings (recently differences occur about 15 percent of the time). When this occurs, a bond is said to have a “split” rating.

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Financial Markets And Institutions

ISBN: 9781259919718

7th Edition

Authors: Anthony Saunders, Marcia Cornett

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