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Credit ratings are important for all of the following reasons EXCEPT: A. Credit ratings determine the cost of borrowed capital. B. A firms access to

Credit ratings are important for all of the following reasons EXCEPT: A. Credit ratings determine the cost of borrowed capital. B. A firms access to credit markets is a function of its credit ratings. C. A credit rating is a summary measure of a firms health. D. Higher rated firms are valued more highly by the market.

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