Question
Some of Stewart Corp.'s ratios are given below: [Earnings from continuing operations before interest and taxes] / [Gross interest incurred before subtracting (1) capitalized interest
Some of Stewart Corp.'s ratios are given below: [Earnings from continuing operations before interest and taxes] / [Gross interest incurred before subtracting (1) capitalized interest and (2) interest income] : 0.8400 [Long-term debt plus current maturities, commercial paper, and other short-term borrowings] / [Long-term debt plus current maturities, commercial paper, and other short-term borrowings + shareholders equity (including preferred stock) plus minority interest] : 60.0600 What rating would you expect from Standard & Poors for Stewart Corp.'s bonds?
BBB | ||
B to BB | ||
AAA | ||
AA | ||
A |
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