Only using the article provided as a source. Create a discussion for the following topic:
The credit rating is a financial indicator to potential investors of debentures such as. These are assigned by credit rating agencies such as Moody’s, Standard & Poor’s, and Fitch Ratings to have letter designations (such as AAA, B, CC) which represent the quality of a bond. Bond ratings below BBB-/Baa are considered to be not investment grade and are colloquially called junk bonds.
Please read the article ” U.S. Sues Standard Poor’s Over Ratings “: and answer the following question:
Why is credit rating so important?
What’s your take away of this article?
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