In this article, the author illustrates the application of a financial database called Bloomberg Professional in a fixed income lesson plan. Most business school programs include a finance course that covers bond pricing and spreads, such as a corporate finance or fixed income course. Bloomberg Professional allows students to interact with primary…

This publication examines the influence of credit ratings on public debt financing and helps to resolve some of the developing controversy concerning this subject. It investigates the rating activities of the two private investment advisory firms--Moody's and Standard & Poor's--and the use of ratings by governmental borrowers, investors,…

An executive of Moody's Investors Service explains what past experience has taught the company about municipal analysis, how a bond issue is assigned a credit rating, and what issuers can do to obtain the best rating. (MLF)