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jmvv 10-04-2013 09:12 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 03:50 AM

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

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