a • What are the three primary bond rating agencies? • What do bond ratings measure? • How do…

a  • What are the three primary bond rating agencies?

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    • What do bond ratings measure?

    • How do investors interpret bond ratings?

    • What is the difference between an A-rated bond and a B-rated bond?

b. • Why are bond ratings important to investors?

    • Why are ratings important to businesses that issue bonds?