Assume the following scenario:

You recently read about an employee of a large firm that was fired for providing inaccurate information to a bond-rating agency. Also, prosecutors were trying to determine whether to file charges in the case. The man claimed he did not knowingly provide inaccurate information but just made a mistake.

For this discussion question, share your thoughts about the following questions:

Why are bond ratings so important to a firm?

Why are bond ratings important to external users?

Explain the importance of bond ratings in assessing risk.

Did the man's actions justify him losing his job? Why or why not?