Image by Â©iStock.com/nicoolay. Marijuanaâalso called weed, herb, pot, grass, bud, ganja, Mary Jane, and a vast number of other slang termsâis a greenish-gray mixture of the dried, shredded leaves and flowers of Cannabis sativa, the hemp plant.
Municipal Bond Ratings. What is a Bond Rating. A bond rating performs the isolated function of credit risk evaluation. A bond rating does not constitute a recommendation to invest in a bond and does not take into consideration the risk preference of the investor. While many factors go into the investment decision making process, the bond rating is often the single most important factor affecting the interest cost on bonds.
Understanding Bond Ratings. There are over 80,000 issuers of municipal bonds in the United States. If you are thinking about buying municipal bonds, you should become familiar with credit ratings. As we stated in the previous chapter, credit risk should be your paramount concern. One data point to consider when evaluating the credit risk of a potential municipal bond is the bondâs rating. There are 3 major rating agencies that evaluate thousands of issuers and their municipal bonds.