Financial Markets and Products

kaushalya.narendran
Posts: 7
Joined: Sat Jan 11, 2014 2:11 pm

Financial Markets and Products

Postby kaushalya.narendran » Thu Jan 30, 2014 1:31 pm

Sovereign ratings will be the ceiling for the ratings of an issuer within that country. So does that mean, if the Sovereign rating for a country is BBB, the corporate bond cannot be given a rating above BBB?

pradeeppdy
Finance Junkie
Posts: 258
Joined: Thu Sep 20, 2012 3:42 pm

Financial Markets and Products

Postby pradeeppdy » Tue Feb 04, 2014 6:49 am

There is 2 kinds of rating:

1st is Domestic rating and 2nd is Foreign rating.
In this case Domestic can be above BBB, But Foreign can not be above than BBB.


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