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Old 10-04-2013, 10:12 AM
jmvv jmvv is offline
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Join Date: Oct 2013
Posts: 1
Default 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?
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