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A/A2 is generally the second- or third-highest rating that a rating agency gives to a security or carrier. This rating indicates that there is a comparatively low risk of default as the issuer or carrier is quite stable. Investors and policyholders are thus taking very small risk with these companies.
The ratings allocated by the diverse ratings agencies are on the basis of the insurer's or issuer's creditworthiness. This rating can thus be taken as a direct measure of the probability of default. Though, credit stability and priority of payment are also taken into the rating.
Explain the major types of audit plans Three major types of audit plans Strategic -this the long term forward looking audit, it continually gets updated and identifies are
You deposit $500 today in a savings account that pays 3.5% interest, compounded annually. How much will your account be worth at the end of 25 years?
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a) Describe five factors that should be taken into account by a businessman in making the choice between financing by short-term and long-term sources.
The term 'Eurobonds' refers to bonds issued and sold outside the home country of the currency. For example, a dollar denominated bond issued in the UK is a Euro (
Church Inc. is currently enjoying relatively high growth because of a surge in the demand for its latest product. Management expects earnings and dividends to grow at a rate of 25
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