__________________ assess both the collateral and underlying bonds as well asand the ability of the issuer to make timely interest and principal payments.

Question

Quizplus · Accepted Answer

Bond ratings are designed to assess both the collateral and underlying bonds, as well as the ability of the issuer to make timely interest and principal payments. Bond covenants and bond indentures are legal documents that outline the terms and conditions of a bond issue, but they do not provide a comprehensive assessment of the creditworthiness of the issuer.

__________________ Assess Both the Collateral and Underlying Bonds as Well