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Determine the method of Credit Rating
It is obligatory for the issuing companies to get credit rating done on debt securities issues. Credit ratings are also required for Commercial Paper and Fixed Deposits issues of the companies. Ratings reflect the probability of companies going into default. The higher the rating, the lower the risk of default which is associated with the issue. This also has an effect on the rate of interest offered on issue. Methodology and the rating symbols remain same as in money market securities.
Revenue bonds are the securities issued for financing an entity for general public-purpose. The securities issued for entity financing are backed up with the
State the factors of Small organisations - More creative and dynamic - More flexible to adapt to environmental changes - More informal and small for example some people l
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explain in detail the primary function of taxation in relation to public fianace
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