Question
Which of these is not a limitation of credit rating agencies? Credit ratings are fixed and do not change after a bond is issued. Credit
Which of these is not a limitation of credit rating agencies?
Credit ratings are fixed and do not change after a bond is issued.
Credit ratings can change over time
Credit ratings tend to lag the markets pricing of credit risk.
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Principles Of Managerial Finance
Authors: Lawrence J. Gitman, Chad J. Zutter
13th Edition
9780132738729, 136119468, 132738724, 978-0136119463
