Question
You are a newly hired analyst at one of the leading bond rating agencies, Standard and Poors. The first day on the job you are
You are a newly hired analyst at one of the leading bond rating agencies, Standard and Poors. The first day on the job you are asked to rate the following bonds: a. The bonds of an Internet start-up company b. The bonds of a country with a history of inflation and political instability c. The bonds of company operating a network of toll highways d. The bonds of a company with a long illustrious history that has fallen on hard times e. The bonds of a stable, rich country with no history of inflation Rank these bonds from highest credit quality to lowest credit quality and explain your ranking. [There are several defensible rankings. Your grade will be influenced by the quality of your reasoning as well as the adequacy of your ranking.]
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