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Bond rating agencies base their quality ratings on an analysis of the level and trend of some of the issuer's financial ratios. The following are
Bond rating agencies base their quality ratings on an analysis of the level and trend of some of the issuer's financial ratios. The following are key ratios used to evaluate safety: (please describe each ratio thoroughly and give examples where applicable) Coverage ratios Leverage ratios Liquidity ratios Profitability ratios Cash flow to debt ratios
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