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vnaust vnaust
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You have observed that the credit ratings of firms are very stable over time. However, you have also observed that the earnings of firms are cyclical. Explain how this is possible when credit ratings are supposed to reflect the credit risk of the firm's debt.
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Corporate Finance

Corporate Finance


Edition: 5th
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rion20000rion20000
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vnaust Author
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A month ago
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annabananerz
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Thank you, thank you, thank you!
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Brilliant ツ
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