Free Version

Dashboard
Review Topics
Quizzes
Practice Exams
Flashcards
Vocabulary
Know how many questions to expect in a section. There are about 500,000 buffalo in North America...and I expect to see each one of them at the next family reunion. (Uncle Abe, I'm looking at you.)

Bond Ratings

At some point in this bond raising process, Facebook will have to receive a credit rating for its bonds. "Rating" is sort of a balance sheet beauty contest in which the judges are Standard & Poor's and Moody's. The key question asked in this beauty contest is not, "What would you do to make the world a better place?" Rather, it revolves around whether or not Facebook can repay its debt when it matures. Simple.

For a long time, the famed Warren Buffett owned stock in the bond rating agencies....

Looking for more? Why is this annoying box in the way? It's because you haven't paid for the course yet!

$65.65
Next: Bondage Concepts
Prev: Pricing Bonds: Ratings, Risk and Liquidity

*Securities is a registered trademark of the College Board, which was not involved in the production of, and does not endorse this product.