Credit-rating agencies may face a conflict of interest because they
A) both advise clients on how to structure debt issues and determine the creditworthiness of the debt issues.
B) underwrite securities and advise clients on how to structure debt issues.
C) underwrite securities and determine the creditworthiness of the debt issues.
D) both advise clients on how to structure debt issues and write restrictive covenants.
Correct Answer:
Verified
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