In August 2011,Standard & Poor's (S&P)changed Its Rating on U

question 212

Multiple Choice

In August 2011,Standard & Poor's (S&P) changed its rating on U.S.Treasury bonds from "AAA" to "AA+" based on the state of the federal government's budget deficit.This was the ________ a rating agency had given Treasury bonds less than a rating of "AAA."

• A)first time ever
• B)second time since the year 2000
• C)first time since the Great Depression
• D)fifth time in history

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Definitions:

Going Private

The process by which a publicly traded company is transformed into a privately held entity, often through the purchase of all outstanding shares.

Hostile Takeover

A takeover to which the management of the target corporation objects.

Leveraged Buyout

A leveraged buyout is a financial transaction in which a company is purchased with a significant amount of borrowed money, using the company's assets as collateral for the loans.

Shiftan v. Morgan Joseph Holdings Inc.

A legal case reference, specific details may vary based on jurisdiction and legal context, indicating no general definition can be provided without additional context.