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What Is the Role of Debt Rating Agencies and What

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What is the role of debt rating agencies and what two benefits result from their rating a company?


Definitions:

Curative Treatment

Medical treatment given with the intention of curing rather than just reducing the symptoms of a disease.

Bargaining

A negotiation process between two or more parties to reach a mutually agreeable outcome.

Kübler-Ross's Stages

A five-stage model proposed by Elisabeth Kübler-Ross describing the process of grief, including denial, anger, bargaining, depression, and acceptance.

Final Acceptance

The stage of acknowledging and coming to terms with the end of a process or the inevitable outcome of a situation.

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