what are bond ratings and how do they impact bond, Financial Management

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what are bond ratings and how do they impact bond

What are bond ratings and How do they impact bond valuation?

Who are the bond ratings agencies and what do the ratings mean? When ratings fall what happens to the valuation of a bond and why? Cite a reference to support your answer. Give an example of an economic event that could cause bond ratings to change. Tell why the change in ratings would occur.

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