Subordination provisions: Is the bond subordinated to other debt? If so, it will be rated at least
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Subordination provisions: Is the bond subordinated to other debt? If so, it will be rated at least one notch below the rating it would have if it were not subordinated.
Conversely, a bond with other debt subordinated to it will have a somewhat higher 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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