Question
Which of the following statements about debt ratings is most correct ? Group of answer choices The ratings reflect the probability of default. The ratings
Which of the following statements about debt ratings ismost correct?
Group of answer choices
The ratings reflect the probability of default.
The ratings are based solely on a quantitative analysis of the issuer's financial condition.
The ratings on outstanding debt are automatically reviewed and updated annually.
The ratings run from A (for the best) to F (for the worst).
The ratings are important to investors, but unimportant to issuers.
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Cornerstones of Managerial Accounting
Authors: Maryanne M. Mowen, Don Hanson, Dan L. Heitger, David McConomy, Jeffrey Pittman
2nd Canadian edition
978-0176721237, 978-0176530884
