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-   -   Guaranteed Bond Ratings (http://www.thefinanceforums.com/showthread.php?t=8564)

jmvv 10-04-2013 10:12 AM

Guaranteed Bond Ratings
 
Hey guys, heres a question I have about guaranteed bonds or "insured bonds":

If a company decides to issue a guaranteed bond backed by a standby letter of credit (sblc) of a bank, I understand that the bond rating will be enhanced by the banks' credit rating. My question is: Does the issuer need a credit rating or is the banks credit rating sufficient to back the bond?

JerryBorgg 03-04-2014 04:50 AM

Re: Guaranteed Bond Ratings
 
The Guaranteed Bond Ratings are spot on. Thanks for the information.


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