IV. The Determinants of Bond Quality Ratings

• B. Protective Legal Provisions in the Indenture

  • 1. Subordination
  • 2. Call Provision
  • 3. Sinking Fund Provision
  • 4. Serial Bonds
  • 5. Restrictions on Future Issues
  • 6. Collateral
  • 7. Convertibility (Sweetner)

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