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For the impact on yield you state if its an increase or decrease

For the cost of borrowing money you state if its more expensive or less expensive

Credit ratings affect the yields on bonds. Based on the scenario described in the following table, determine whether yields will increase or decrease and whether it will be more expensive or less expensive, as compared to other players in the market, for a company to borrow money from the bond market. Cost of Borrowing Money from Bond Markets Scenario Impact on Yield | | A company uses debt to buy another company. Such an event is called a leveraged buyout. There is an increase in the perceived marketability of a company's bonds, so the liquidity premium decreases. A company's financial health improves XYZ Co.'s credit rating was downgraded from AA to BBB