Is there a rating service for bonds (similar to Morningstar Ratings for mutual funds and Value Line for stocks)?
There are three rating services: Moodys, Standard &Poor's and Fitch. The highest rating is AAA, then AA, A, BBB, BB and B for investment grade quality. When a municipality pays to insure their bonds, their credit rating is enhanced and becomes AAA.
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Sunday, April 5, 2009
Understanding Bonds - Question 93
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