Description
Please answer the following questions:
(a) find the issuer and issue-specific credit ratings for New Enterprise
(b) describe and list the components, including the amount of financing provided by each component, of New Enterprise’s capital structure (as of 29 February 2016, the end of last year’s fiscal year, and prior to the most recent two refinancings); note that the capital includes all the components of long-term debt (incl. current maturities) and equity that are used to finance the company's net working capital and long-term or fixed assets)
Explanation & Answer
Attached.
Running head: CREDIT RATINGS
1
Credit Ratings
Names
Course
Tutor
Date
CREDIT RATINGS
2
Question one
Credit rating is an evaluation and assessment of an enterprise’s capability to finance its
financial obligations. The ability to pay for the financial obligations is what is known as the
creditworthiness. The New Enterprise Inc. whose creditworthiness is being evaluated and
assessed is what is typically referred to as the obligor or an issuer. The issuer or the obligors may
include firms such as the corporations, financial institutions, insurance companies, or the
municipalities that have been rated by a credit rating entity. On the other hand, the issue credit
rating gives a...
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