Instructions Use an appropriate source (such as those identified in Chapter 2 Research Case 1) to identify a firm that recently had its bond rating changed. Answer the following questions.

(a) Which rating agency(ies) changed the rating?

(b) What was the bond rating before and after the change?

(c) What reasons did the rating agency give in support of its action? What accounting data was used as support?

(d) Are additional changes possible?