International bonds

Explain why most of the international bonds have high Moody’s or Standard & Poor’s credit ratings?

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Moody’s Investors Service and Standard & Poor’s provide credit ratings on most of the international bond issues.  It is noted that that inconsistent share of the international bonds have high credit ratings.  The fact suggests that the logical reason for this is that Eurobond market only is accessible to the firms which have good credit ratings to start with.

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