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S&P notifies the issuer of the proposed rating and allows the issuer to request a higher rating based on additional information. Moody's policy is to simultaneously announce a final rating to the issuer and to the public. After the assigned rating is announced, both agencies add the issue to their systems.
On the one hand, the question that arises: what is the ?value? of these bond ratings and what impact they have on companies? future performances, how important are they for company overall? Why do companies/corporations want their bonds to be rated? There could be several important answers and remarks regarding this issue...
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