Question
General information applicable to Phoenix Company is provided below. What is indicated by Phoenix Company's bond ratings? Do you see anything positive and how does
General information applicable to Phoenix Company is provided below. What is indicated by Phoenix Company's bond ratings? Do you see anything positive and how does it compare to the primary competitor?
| 20X4 | 20X3 | 20X2 | 20X1 | 20X0 | Primary Competitor | |
| Debt Ratio (Book-based) | 72% | 69% | 66% | 60% | 58% | 64% |
| TIE | 6.5 | 6 | 4.9 | 5.8 | 7.2 | 7 |
| Bond Rating (S&P) | BBB- | BB+ | BB | BBB+ | AA- | BBB+ |
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Auditing And Assurance Services
Authors: Timothy Louwers, Robert Ramsay, David Sinason, Jerry Strawser
2nd Edition
0073128244, 9780073128245
