Finance Unit 5 Project - Finance MT217-05 Jan Clark...

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Finance MT217-05 Jan Clark 10/25/2011
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Describe the basic characteristics of debt and some of the different types of debt that exist. A debt is an obligation owed by one party to a second party. Usually this refers to assets granted by the creditor to the debtor. The term can also be used in a different manner to cover moral obligations and other interactions not based on economic value. The various types of debt can be generally categorized into secured and unsecured debt, private and public debt, syndicated and bilateral debt and other types of debt that display one or more of the characteristics as noted before. Discuss bond ratings and the information that they provide to investors. Bond issuers generally are evaluated by their own set of ratings agencies to assess their creditworthiness. Ratings agencies research the financial health of each bond issuer and assign ratings to the bonds being offered. Each agency
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This note was uploaded on 02/01/2012 for the course MANAGEMENT MT425 taught by Professor Dowdy during the Spring '11 term at Kaplan University.

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Finance Unit 5 Project - Finance MT217-05 Jan Clark...

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