The quality of a debenture depends on the

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The quality of a debenture primarily depends on the general credit-worthiness of the issuing company. This reflects the likelihood of the issuing company being able to repay its debts and fulfill its obligations. The other factors, such as the value of collateral, coupon rate, and time to maturity, can also impact the debenture's attractiveness to investors, but they do not determine the underlying credit risk of the issuer.

The Quality of a Debenture Depends on the