Guarantee provisions: Some bonds are guaranteed by other firms. If a weak companys debt is guaranteed by
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Guarantee provisions: Some bonds are guaranteed by other firms. If a weak company’s debt is guaranteed by a strong company (usually the weak company’s parent), the bond will be given the strong company’s rating.
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Corporate Finance A Focused Approach
ISBN: 9780324180350
1st Edition
Authors: Michael C. Ehrhardt, Eugene F. Brigham
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