Question
There are bonds issued by Dennys Enterprises that will mature in 20 years. Sammys has just announced that it is lowering its rating of those
There are bonds issued by Dennys Enterprises that will mature in 20 years. Sammys has just announced that it is lowering its rating of those bonds from A to Baa. After this scenario what do you think will be the effect of this announcement which was on the yields to maturity of those bonds?
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The New International Financial System Analyzing The Cumulative Impact Of Regulatory Reform
Authors: Douglas Evanoff , Douglas D Evanoff , Andrew G Haldane , George G Kaufman
1st Edition
9814678325,9814678341
