Standard and Poor's Has Evaluated Syntex Corporation's New Issue of Bonds

question 119

Multiple Choice

Standard and Poor's has evaluated Syntex Corporation's new issue of bonds as BB+. This is an example of which of the following?

• A) leverage rating
• B) capital rating
• C) quality analysis
• D) bond rating

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Definitions:

Breach

The violation or non-fulfillment of a legal agreement, duty, or contract.

Identified Goods

Goods that are designated for a specific sale or contract, making them distinguishable from the seller's or manufacturer's other goods.

Remedy

A means of legal reparation or correction provided to a party who has suffered a loss or injury.

Commercial Reasonableness

The standard by which business actions are judged, based on what a reasonable person would consider fair and appropriate under the circumstances.