At many companies, dealing with rating agencies is a core responsibility of the treasury function. Heres how to do it right.
By Gurdip Dhami|August 18, 2014 at 02:35 PM
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Before starting to pursue a credit rating, a company needs to thoroughly weigh the benefits and costs. Unless the business is very well-established and has very strong brand recognition, it is going to need a credit rating in order to access the bond market. Most investors such as pension funds, insurance companies, and banks can invest only in rated debt. In addition to expanding the group of prospective investors, a credit rating gives a company access to a wider range of debt structures, including those with longer maturities.
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