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In 2011, Standard & Poor's (S&P) changed its rating on U.S.Treasury bonds from ________ based on the state of the federal government's budget deficit.
Conglomerate Merger
A merger between companies operating in unrelated business activities, aiming to diversify business operations and investments.
Unrelated Industries
Industries that have no direct business connection or overlap with each other.
Strategic Mergers
The process of combining two or more companies into one, with the aim of achieving strategic objectives such as market expansion, diversification, or efficiency gains.
Financial Markets
Markets in which financial assets are traded—for example, the stock market.
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