What does it mean for a city or state when its bond rating is reduced? Can they

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What does it mean for a city or state when its bond rating is reduced? Can they do anything about it?

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Principles of Money Banking and Financial Markets

ISBN: 978-0321339195

12th edition

Authors: Lawrence S. Ritter, William L. Silber, Gregory F. Udell

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Question Posted: Mar 06, 2018 09:24 AM

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What does it mean for a city or state when its bond rating is reduced? Can they

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The bonds are judged to have a higher risk of defaul...View the full answer

Principles of Money Banking and Financial Markets

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