{[ promptMessage ]}

Bookmark it

{[ promptMessage ]}

KIC000026 - Characteristics of Debt Securities(cont’d...

Info iconThis preview shows page 1. Sign up to view the full content.

View Full Document Right Arrow Icon
Background image of page 1
This is the end of the preview. Sign up to access the rest of the document.

Unformatted text preview: Characteristics of Debt Securities (cont’d) :- Credit (default) risk (conrd) nRaflngagencies .Wsimmwmmw: Watchman” - Wmmmhmh mumwmm nammmmmmmmm m‘lmmmmwflnm-I ammmhwmmmh wmmwmwmsmwaw bettu‘byS‘lmdl'd-thoor‘l Characteristics of Debt Securities Rating-s Assigned hy' Description of Security Standard and Pam's Characteristics of Debt Securities (cont'd) I Credit (default) risk (conl'd) nShiits in «edit risk premium: uTherisk premium correspondingto a particular bond rating can chance overtime nAcwracy of credit ratings - In general. credit ratings haveservadas reasonabieindicamwme Iiketihood afdefault nored'rtraflngagenciesfionutmdelect financiat problems of firms “unk bonds ...
View Full Document

{[ snackBarMessage ]}

Ask a homework question - tutors are online