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- 1.?There would be no difference in the credit extended to a UK car manufacturer or a French car manufacturer since they are of comparable size, exposed to similar business risks and have several tangible assets to offer as collateral.
- 2. A bond rating communicates useful information to capital markets about a firm?s creditworthiness and as it is constructed by using financial ratios it is an objective measure of credit risk.
Paper#9210897 | Written in 27-Jul-2016Price : $17.85