the options are increase/decrease

Suppose you invested in Company A's bonds, and the company used a large amount of that debt to acquire another firm. (Such a deal is called a leveraged buyout.) This deal led to significant losses for bondholders and had a negative impact on the firm's credit risk. In such a situation, the company's bond rating is likely to, the yield to maturity (YTM) will, and the value of its outstanding bonds will