The text boxes in the left panel have been placed in a random order. Restore the original order by dragging the text boxes from the left panel to the right panel.
Credit rating agencies
c) Lately, the credit-rating agencies have struggled to keep up.
d) In 1997 two-third of the debt rated triple B by standard and poor was priced within 20 basis points of the average bond with the same rating.
a) The credit rating agencies use legions of high trained analyst with access to top management.
e) It seems a bond rating tells you even less about the price that investors are willing to pay.
b) Their meticulous reports giving ratings for corporate bonds are designed to give an accurate picture of the bonds riskiness and ultimately the probability of default.