Moody's Investors Service maintains a Web site at http://www.Moodys.com. One of the services offered at this site is a listing of announcements of recent bond rating changes. Visit this site and read over some of these announcements. Write down several of the reasons provided for rating downgrades and upgrades. If you were a bond investor or bond issuer, would you care if Moody's changed the rating on your bonds? Why or why not?

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