6. Firms such as Moodys and Standard & Poors study corporations that issue bonds. They publish ratings
Question:
6. Firms such as Moody’s and Standard & Poor’s study corporations that issue bonds. They publish “ratings” for the bonds—evaluations of the likelihood of default. Suppose these rating companies went out of business. What effect would this have on the bond market? What effect would it have on banks? LOP8
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Related Book For
Macroeconomics And The Financial System
ISBN: 9781429253673
1st Edition
Authors: N. Gregory Mankiw, Laurence Ball
Question Posted: