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12-03-2012, 10:15 PM
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Originally Posted by Major4Boarding View Post
Admittedly, Bonds and Ratings are not my strength. So, what impact does this have on the CoG's phase II approach of refinancing their debt?
The worse your rating the more expensive it is for you to borrow. So they will pay more at A2 as opposed to AA3. The other problem is that with the negative outlook (which means that they could downgrade it again at any point) the market may demand an even higher rate than A2 normally would.

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