Please read the following and submit a minimum 150 word commentary at title link above:

Chapter 6 discusses many types of bonds, including government bonds. Many local municipalities raise funds for needed projects by issuing bonds that agree to pay back investors after a certain period of time. Research bond rating agencies Moody's and Standard & Poor's debt credit ratings for your city (or close-by county/municipality). What impact do these ratings have on the interest rate that must be paid to lure initial investors? What factors into the ratings? For what types of projects has your city used bonds to raise capital?