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What are the three agencies that currently rate bonds? How do the three agencies classify a downgrade? Why is a downgrade a serious issue? How

  1. What are the three agencies that currently rate bonds? How do the three agencies classify a downgrade? Why is a downgrade a serious issue?
  2. How does a flight to quality occur in the debt market? Relate this type of action to the events in the autumn of 2008.
  3. In which two markets can you buy stock? Compare and contrast these two markets. What is an IPO?

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