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What is the relationship between a bond's rating and the interest rate that the bond pays? What would cause bond's rating change over time? Which

What is the relationship between a bond's rating and the interest rate that the bond pays?

What would cause bond's rating change over time?

Which three sub areas from bottom list that is important from the perspective of financial strength and why?

Cash flow adequacy

Earnings protection

Financial flexibility

Financial Leverage & Asset protection

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