Why do corporations have their debt rated compare the role, Finance Basics

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Why do corporations have their debt rated compare the role

1. Why are most corporate bonds callable? Who benefits from this feature, and what is the cost of adopting a call provision in a public bond issue?

2. Why do corporations have their debt rated? Compare the role played by rating agencies and a company's outside auditors.

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Finance Basics: Why do corporations have their debt rated compare the role

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